Hello all! I am new to Bigger Pockets and this will actually be my first foray into an online community.
I have recently left the Army and have been investing my own cash in real estate.
Completed two deals thus far, being buy and hold and one flip. Both successful.
I am currently sitting on a sizable amount of liquid cash BUT I do not have conventional income. Trying to avoid having a 9-5 job.
How much of a factor do you think it will affect me when applying for bank lending? My FICO score is excellent and I don't want to place to many hard inquires on my credit so i'm gathering as much info as possible.
I'm comfortable taking risk with my own cash but I need to establish a trusting relationship with a bank to keep my cash earning elsewhere.
In a nutshell.....I have no serious income in the banks eyes. But I do have liquid cash and an excellent credit score. What should I do to establish that working relationship with a bank????
Thank you!
- Dave
