There is a co-op apartment here in New York that I like to buy. The price is $ 135k. I plan to have the full amount or close to it. I'm willing to put 20-30% down and receive a 30-year fixed-rate for the rest.
As the subject title says I am a professional player. I see this possibly as a problem, but in my defense, I've been doing this for four years. I submitted my tax return for 2006 and for an extension for 2007 (taxes paid, but have not yet registered again). I have about $ 45k in cash / check / savings / investment accounts and over $ 60k in various online gambling accounts. It's been a while since I've checked the last of my credit card but it should have in the 700-750 range.
Given my job, what must I do to increase my chances of getting a loan?
Best Answer: If you want a 'basic' current account without cheque-guarantee card etc. then there won't be any need to prove your income at all since you're not going to be needing any credit facilities.
You will need to evidence personal ID however and if you start to pay in large quantities of cash then expect to have the account referred to a money-laundering officer at the bank since you could be suspected of handling money from illegal businesses such as drugs.
Reply: It's a studio apartment in Queens, one of the outer boroughs. It's small but just what I like.
135K in queens is a good price my friend. I know nothing about mortgages but what a price!
Reply: Never wanted to be a race car driver, baseball player or rock star. But a professional poker player, oh yeah…. You are living the life pal.
I can't really tell if this was sarcastic or not (detector is in the shop) but I actually wanted to be a basketball player. Unfortunately I only grew up to be 5'8" tall.
Nothing but love, no sarcasim here. Have a monthly/bi-monthly poker game this Sat, $60 BI, usually about 15-18 ppl. Small potatos but good times. Went to AC last year for my very first casino visit and WSOP try. Won my first table, my armpits were sweating baaaadddd. Almost won a buyin for the touney on the next table. FIL turned me on to the craps table, I can see me there for many hours…….
What is your game?
Reply: Never wanted to be a race car driver, baseball player or rock star. But a professional poker player, oh yeah…. You are living the life pal.
I can't really tell if this was sarcastic or not (detector is in the shop) but I actually wanted to be a basketball player. Unfortunately I only grew up to be 5'8" tall.
Reply:Never wanted to be a race car driver, baseball player or rock star. But a professional poker player, oh yeah…. You are living the life pal.
Reply:It's a studio apartment in Queens, one of the outer boroughs. It's small but just what I like.
Reply: There is a co-op apartment here in New York that I'd like to purchase. The asking price is $135k. I plan on offering the full amount or close to it. I'm willing to put 20-30% down and get a 30-year fixed-rate for the rest.
As the topic title states, I am a professional gambler. I can see this potentially being a problem but in my defense, I've been doing this for four years now. I have my tax return for 2006 and filed for an extension for 2007 (paid taxes but have not filed return yet). I have roughly $45k in cash/checking/savings/investment accounts and about $60k in various online gambling accounts. It's been a while since I've last checked my credit but it should be in the 700-750 range.
Given my profession, what do I need to do to maximize my chances of getting a loan?
What I want to know is where did you manage to find a co-op for 135K?
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