Updated almost 9 years ago on . Most recent reply
Bank Income qualification
Hello all
I am 27 and started heavily investing in stocks when I was 23. I have been successful and currently have $600,000 in my brokerage. I have been considering taking on some real estate. But I have a few issues:
1. My income is mainly from dividends. I receive $80,000 from dividends and my wife makes $40,000 from her job. Will the bank accept this as income? I currently own 3 other property rentals, but only make $150 each month per rental.
I would like to buy some apartment complexes of 12 or more units. Any help/thoughts?