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Updated over 5 years ago on . Most recent reply

User Stats

9
Posts
10
Votes
Eric Ramsay
  • Real Estate Agent
  • Aberdeen, MD (21001)
10
Votes |
9
Posts

BRRRR refinance possible for new agents with no W2 income?

Eric Ramsay
  • Real Estate Agent
  • Aberdeen, MD (21001)
Posted

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!

Most Popular Reply

User Stats

1,611
Posts
775
Votes
Ozzy Sirimsi
  • Real Estate Agent
  • Baltimore, MD
775
Votes |
1,611
Posts
Ozzy Sirimsi
  • Real Estate Agent
  • Baltimore, MD
Replied

partner with somebody who can get that refinance , otherwise you will have harder time to get it done.

  • Ozzy Sirimsi

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