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Updated almost 4 years ago on . Most recent reply
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Financing without W2 income when you are retired?
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.?