Close

See current mortgage rates on Zillow Mortgage Marketplace

Profile picture for user943547

can i include rental income from my condo that I bought just last month

I have bought a condo out of state and am currently applying for a mortgage for a home where I actually live , as primary home. Can i include the rental income from the condo that I just bought as part of my income? I heard conflicting things about it, like some say that income has to be there for two years and others dont think thats the case. will appreciate clarification
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 28 2012 - Buffalo
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (2)

it depends, if that is your only investment property? If so you will have to wait until 1 years tax return with the rental income.  Are you looking to refinance or purchase? 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 29 2012
Profile picture for hmostafa
You can claim the income after one year, once your tax is done, when this rental income will be on the section E your income tax.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 28 2012
 
Related Questions
Offer letter for a mortgage
can i include rental income from my condo that I bought just last month
Profile picture for Tony Garcia
Latest answer by Tony Garcia
May 29 2012 | 2 answers
Is there a time frame after going bankrupt before I could go for a loan?
Profile picture for Adrian Hall
Latest answer by Adrian Hall
May 09 2012 | 2 answers
I did not get any quotes on my loan request (ZR-JPZBQJF). Can someone help me figure out why?
Profile picture for Jacqueline  Kounkel
Latest answer by Jacqueline Kounkel
February 28 2010 | 2 answers
First time buyers
Profile picture for Sherri Sherpy
Latest answer by Sherri Sherpy
August 13 2009 | 5 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 1258 E Lovejoy St, Buffalo, NY Home For Sale
    1258 E Lovejoy St, Buffalo, NY 14206

     For Sale: $54,900

    • Beds: 4
    • Sqft: 1824
    • Baths: 3.0
    • Lot: 3920
  2. 106 Huntington Ave, Buffalo, NY Home For Sale
    106 Huntington Ave, Buffalo, NY 14214

     For Sale: $229,900

    • Beds: 6
    • Sqft: 2906
    • Baths: 2.0
    • Lot: 6098
  3. 412 Lafayette Ave, Buffalo, NY Home For Sale
    412 Lafayette Ave, Buffalo, NY 14213

     For Sale: $229,900

    • Beds: 5
    • Sqft: 3418
    • Baths: 3.0
    • Lot: 5227