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Updated over 5 years ago,
BRRRR refinance possible for new agents with no W2 income?
BP Community! I'm a newbie based near Baltimore who left his investment finance job to commit to real estate investing/sales full time. I'm most interested in implementing the BRRRR method with HML partners in my farm area to recycle and stretch my saved capital as best as possible, but I'm concerned about the refinance component. Having left my stable desk job, I no longer have W2 income and do not yet have 2 years of sales-related tax returns to help underwrite a conventional cash-out refinance.
Have other investors/agents run into this before, and if so, what options would you explore to overcome this hurdle? Any insights/suggestions would be much appreciated!