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Updated over 6 years ago,
Financing Prequalification Question
Hi BP,
I am in the process of landing my first rental and was wondering whether or not a financier will honor cash that is currently sitting in investment accounts or would they solely focus on tax return/bank statements. I personally ask because a good chunk of my cash is sitting in a Vanguard fund. I do plan on moving a portion of this amount into my bank but wonder if it would still be honored when qualifying for financing since it is a fairly liquid account.
Thanks in advance!