Can future rental income be used as down payment together with any other imposed fees?

Thank You
In Buying Property - Asked by V. B. - Jan 6, 2011
Report Abuse
Answer this Question


Brian B.
Palm Springs, CA

lenders will rarely allow future rental income as income used to document income, but if you are just using it for a downpayment, you should not have any penalties..permitted the money is there in a timely manner..

Jan 9, 2011
Report Abuse
Glen W.
Lender/Mortgage Broker
Atlanta, GA

No, a lender does not care about pro forma income, they are underwriting based on how the asset is performing today not the possibility for future performance.

Jan 21, 2011
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question