Training
Evaluating & Calculating Rental Income
60 minutes
Not all rental income is calculated the same. Take 60 minutes and explore how this subject can be more complex than you may have thought. As with the analysis of all income, the source must be considered. But with rental income, investor guidelines may also play a role in determining how much income can be included.
Topics include:
- Determining documentation requirements
- Calculating rental cash flow from tax returns (Schedule E) for investment properties
- When and how to determine rental income from review of a lease agreement
- What factors to consider if your borrower owns multiple financed properties
Sandra Sweeney
Sandra Sweeney, senior customer trainer and training program developer for MGIC, has a mortgage industry career that spans over four decades. Her previous experience in loan origination, underwriting and management has given her a deep understanding of and appreciation for various industry roles.
In her current role, Sandra oversees the design of many MGIC training resources, including the self-employed borrower income series, the Magic Minutes training series, and income calculation tools. In developing and facilitating training, she aims to break down complex concepts into easily digestible knowledge and help mortgage professionals build the skills to become trusted advisors for their borrowers.
Sandra lives at Smith Mountain Lake, Virginia, where she enjoys volunteering for various organizations, boating, and enjoying water sports with her family.