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Updated over 3 years ago on . Most recent reply

User Stats

16
Posts
2
Votes
Seidu M. Lawal
  • New to Real Estate
  • West Africa
2
Votes |
16
Posts

Bank asking for salary account

Seidu M. Lawal
  • New to Real Estate
  • West Africa
Posted

It's about getting my first loan from a bank, and they require for me to have a salary account with them. And I don't plan on having a salary job, my plan is to obtain a mortgage and buy a multi family home, I'm starting with house hacking, so the payment of the property will be generated from the rental cash flow from my tenants

Most Popular Reply

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1,226
Posts
1,080
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Joe Norman
  • Investor, Realtor
  • Baltimore, MD
1,080
Votes |
1,226
Posts
Joe Norman
  • Investor, Realtor
  • Baltimore, MD
Replied

You're not going to get a traditional mortgage without proving your income. 

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