HELOC for Self Employed (No W-2 Income)

[Dustin Sanders]

Hey All,

I'm interested in understanding what my HELOC options to potentially buy more real estate or to use for business purposes. I just recently got laid off from my job about a week ago though I am actively interviewing for a new W-2 job.

I currently own 6 properties that are all cash flow positive. I can qualify for a HELOC with my credit score. My previous 2 years tax returns are good though my DTI was right around 45% percent before losing my W-2.

Is there a HELOC option for me or do I have to get another W-2??

Thanks in advance & any feedback helps!

Dustin