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Updated over 8 years ago on . Most recent reply

User Stats

27
Posts
4
Votes
Adam Steinberger
  • Real Estate Investor
  • Tacoma, WA
4
Votes |
27
Posts

Bank Income qualification

Adam Steinberger
  • Real Estate Investor
  • Tacoma, WA
Posted
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?

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