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Investor with 2 bank accounts

I am a rental property investor in Arizona and I have a personal and business account. I only use my business account for the 4 rental properties I own so I know when money is coming in and out. I have other sources of income that I put into my personal account. I want to apply for a new loan and I want to know if I should put all my money into my business account since this is what my lender will be checking. My income would double which would give me a better chance at approval. Do I need to show proof that my income comes from my real estate business? by danny496 from Phoenix, Arizona. Dec 6th 2021 Reply


Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Standard traditional loans use your tax returns for the profit or loss on your rental properties, not your bank statements. So there is no need to be moving money into different accounts. I lend in MN WI IA ND SD. Find me at WI-MortgageBroker.com / Cambria Mortgage NMLS 274132

Dec 7th 2021
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