Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
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 over 6 years ago,

User Stats

4
Posts
2
Votes
Shahaf Benita
  • Tel Aviv
2
Votes |
4
Posts

how to get a loan from a bank which doesn't claim my main income?

Shahaf Benita
  • Tel Aviv
Posted

Hey again BiggerPockets members,

As I mentioned before I'm a starting investor from Israel, and I'm willing to invest in the United States,
I was told here the first thing I should do is to open a bank account in the states, so I did.
The story is I'm an engineer in Israel and my salary goes into a bank account in Israel. I opened a bank account at Bank Of America and they know what my salary is based on what I told them, but never showed any proof of that and it's approximately 80,000$ a year . I was told I will have to develop a credit score so I will be able to get a loan with a good interest rate. So he basically said I can transfer what ever amount I want to this bank account and to spend monthly about 20% of this income so I will develop a good credit score and he said it could be any amount, even low as 250$ per month. the thing is the fee for every time I transfer money from Israel to America is very high so I should not just go and transfer money and than regret, it should be planned carefully, so i'm looking for the best way to do that.
my question is will they recognize my salary in Israel ? or they have to get my main salary so I will be able to qualify for the loan amount I want without them seeing the salary in their bank ? the amount of mortgage I want will be somewhere around 100,000$. And I forgot to mention I got a credit card of course ..

Loading replies...