Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

1,888
Posts
1,047
Votes
Jack B.
  • Rental Property Investor
  • Seattle, WA
1,047
Votes |
1,888
Posts

Financing without W2 income when you are retired?

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

I've read post of some on here long ago that said they found a small bank that will lend to them without W2 income. This is something that is important to me in the future as I plan to retire soon but will have property in Seattle that I either 1) sell and relocate to my new home state or 2) keep here and pay someone to manage them (NOT a PM, they are waaay too expensive for what they do and it's NOT worth it IMO).

While I have a high W2 income now that makes this possible for me with traditional lenders currently but not in the future. I need to fatten some of these properties I'm currently purchasing before I can relocate them and I'm not ready to relocate to my retirement state just yet. The long standing rentals I've had fall in the same boat as I recently cash out refinanced them.

So anyone know of any banks that would work with me in retirement without W2 income, just going off rental income, etc.?

Loading replies...