Can I use rental income to qualify for more?
Channel: The Luevanos Group at eXp Realty | Los Angeles
Date: 2021-01-05

Did you know that you can use the additional income you are projected to receive to help you qualify for more when buying a multi-family property?

Let me explain….

Let say you are qualified for a maximum of $500,000 for a single family residence. But you decide that it may make more sense to purchase a duplex. 

Since you will only reside in one of the units, there will be another unit which you plan to rent. You can claim the market value of that rent towards income to help you qualify for more. 

And like that, you may now eligible to purchase a $600,000 duplex instead.

#homebuyertips #firsttimehomebuyer #homeseller #homesellertips #homebuyer #losanagelesrealtor #losangelesrealestate #homeshopping

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