Can I qualify for an investment loan using income from a rental property?

You can only use rental income if it is reported on your tax returns.

Yes.. So long as you have reported the income on your tax returns for the last 2 years.. If not, then some lenders will allow you to use 75% of the projected income (determined by an appraiser) to be added to your other income to offset any debt.. you would still have to be within the allowable DTI ratios... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Yes, but it is likely you'll need other income as well. I am very skilled at reviewing options and tax returns to see what income can be used from all sources. I'm happy to help if you'd like and I'm right in Massachusetts! Thank you!

The simple answer to your question is Yes. Details are necessary to provide the answer as pertaining to your situation.

Yes. However, you need to have a 2 year history of receiving rental income. to prove this 2 year history, you will need to shoow the rental income on the last two filed tax returns.

Yes you can. If you have 2 years rental income on your tax returns, we will use that. If you just bought the property and have no rental income on your tax returns, we can use the lease agreements. I am located in Hinesburg, VT, so feel free to give me a call to discuss your situation. Thanks.

Absolutely. You can use all income reported on your taxes as long as it is forseeable to continue for 3 years.

Sure... Income on the rental is derived from what you report on your tax return as rental income, minus rental expenses, minus any mortgage payments.