I will keep this short and sweet. Jenny from Boston wanted to purchase a rental property in Boston, pictured above, for $749K. This was a duplex that would create a nice income stream for her. Normally when you go to apply for a rental property loan, you’re asked for proof of income and supporting documents. For example, if you look at the investment property loan requirements at most establishments, they include:

• Proof of rental income
• Using rental income to qualify
• History of property management
• High credit score
• High down payments

We were able to secure her a 30-year fixed rental property loan at 75% LTV without having to show her income of any sort.

We did not ask for her tax returns, 1099s, W2s, anything along those lines. We didn’t ask for any verification of income from the seller as well. We based our decision on a rental income analysis of the area and her credit, and that is basically it. Getting a duplex loan doesn’t need to be complicated.