Help on figuring out financing options without w2

[Andre Houston]

Hello my is Andre Houston I have 2 rentals and a primary home I'm ready to purchase another home but I don't have a w2 job anymore I have about 60 to 70k saved up I wanted to try an do a brrrr basically put 20 or 15 percent on the purchase an get a loan for the remodel but how do I go about refinancing it when it's all done if I don't have a job I have a 765 credit score but no prove of income I worked for the last 9 years but I haven't been employed since June 2022 my debt to income is also high because of the 3 homes i already own at this point im kind of stuck any suggestions I should do thanks in advance

[Jack Tulloch]

Hey Andre. DSCR loans are perfect for this situation as they do not consider DTI. You can refi into a DSCR loan as soon as the rehab is done, unless you are wanting to pull cash-out then you will likely need to wait until 6 months post purchase.