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Updated almost 4 years ago,

Michael Loza's profile image
Michael Loza's profile image
Michael Loza
  • Rental Property Investor
  • from San Diego, ca
  • Member since Sep 7, 2020
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User Stats

43
Posts
26
Votes
Michael Loza's profile image
Michael Loza's profile image
Michael Loza
  • Rental Property Investor
  • from San Diego, ca
  • Member since Sep 7, 2020
Connect
Michael Loza
  • Rental Property Investor
  • San Diego, ca
26
Votes |
43
Posts
Mortgage Brokers & Lenders

Is it ok to deposit large amount of cash?

Michael Loza
  • Rental Property Investor
  • San Diego, ca
Posted

So i am getting pre approved for a conventional loan and am short some cash (30k) , i told my lender i have the 30k in cash (which was a gift), then tells me to deposit the cash into my account and told me it shouldnt be an issue as far as the irs is concerned. Is he right or am i too cautious?

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