are you crazy? why would I lock up $36k when I could be trading that capital? one month is fine, maybe two with a payback of one month halfway thru lease term
It's always fascinating to watch idealism bump into reality and complain as to why it stands in its way.
Well when you work for others, usually a paystub would suffice because it's issued by the "system". You are a full-time trader? Then that gets a little tricky. You can show them your income tax statement and reference letters? Or you can offer to pay cash in advance like what @rb7 said?
rental people want to avoid pimps, drug traffickers, weapon traders .... Traders can simply show the statement of account from the brokers.
I wanted to buy an apartment but the bank didn't want to loan me 60% of its cost, even after I showed them my brokerage statements worth 3x the loan amount. Had to have my working wife as guarantor. In insight they were right. The value of my investments sunk by nearly 80% at one point.
You need to find a bank that would hold the mortgage on their balance sheet. Then they would accept your trading income.
You should've shown them the tax statements. Usually they ask for the past 2 years of tax statements. As long as they see you show enough income to support their debt-to-income ratio, you will get the mortgage. All it comes down to is that freaking ratio.
Yeah I never get this. Same here in Canada. With 2 or 3 months of deposit you can force any renter out in court who does not pay rent. Only during covid were there different renter protections in place that disadvantaged landlords. The most ridiculous is to ask for references and pay stubs and employer contact information. If a landlord in the course of a face to face conversation can't figure out whether a potential tenant is a junkie or up to other shit then that landlord is not fit to rent out his/her place. Same bullshit as home insurers or auto insurers asking for references or contacts of previous insurers. There is a reason why the UN HDI index lists the US on rank 12 and Canada on 13 and all central and North European countries above.
At the time (3 years ago, probably still the case) they wouldn't loan to American tax payers (apartment in Europe) because of the burdensome FATCA regulations. Lucky for me my wife isn't and was paid in Singapore dollars.