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Updated over 5 years ago on . Most recent reply
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BRRRR as a Contractor (1099) employee
I want to ask people here who may have had the same questions that I do. I am a real estate agent, who has broken off from the wholesale brokerage I was employed by to invest in properties myself. The BRRRR strategy seems very logical to me, but I want to know how those who work as contractors can qualify for a refinance.
I have no problem purchasing a property cash, renovating and getting a tenant in. Just want to know what kind of lenders I should be targeting while acquiring, to have my ducks in a row to be able to have a smooth refinance process, and not get bottle-necked. Obviously the deals are the most important, but has been something I have been trying to figure out, so any light that can be shed would be greatly appreciated!
Thanks in advance,
Bryan Stovall