Need advice with financing

[Dare Lamberson]

Hello BP, I'm new to these forums and could use some advice. I own some land with a mobile outside of Austin that has about 75k in equity. My wife and I are wanting to get started in REI by buying a house (single or multi) in the 250k range that we could live in for a short while before turning it into a renter. During this time we would rent our mobile out too.

I have enough to be able to make a sizable down payment and still be able to add value to the property. My problem is financing. I am an independent contractor and I'm not able to prove much work income for the past two years. Although, I have a stock portfolio that has been mildly profitable and I have supplemented my income with stock sales. Can I count this as income for loan approval? Can I get a line of credit based on the value of my portfolio? Any advice is appreciated, thanks!

[Austin Pitts]

@Dane Reynolds, There are plenty of hard money lenders out there that will lend you what you need with out running credit scores or even checking any bank statements or other like documents. Some will lend base on the deal, your personal experience, or even against your personal assets. 

So dont let that get in your way. There are plenty of legit, honest hard money lenders out there that can get the deals done!