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I dont believe you will be able to count the income unless you have 30% to put down or have 2 years experience as a land lord
B
@chevydude26 wrote:
Makes little sense since thats money going into my bank account and will cover the mortgage anyway....but i'm guessing rules are rules...however could i buy the house at a lower amount that i qualify for and then refinance using the now rental income that is now going into my bank account? Or could I just add myself onto the title and then completely buy out the house? its a family members house and its a matter of transfer of ownership and taking out the equity from the home...the original owner won't qualify for any refinance
actually it makes perfect sense.
no landlord experienc = risky