Cash out refinance on condos

[Tingjun Lei]

Hello all,

I have 3 condos for rent, and right now looking to cash out. My situation: self-employed but tax-return history not enough for 2 years, so seems traditional refinance is not gonna go through. Actually, I have asked many local lenders, and they all asked me to wait till next year. 

Now I find B2R and use it to cash refinance one of my condo, because they don't check on tax return. Their rate is not great, but acceptable. For the other 2 condos I have, I want to do cash out with them as well, but B2R requires at least 1year reserve, and these 2 condos do not have reserve at all. So am wondering are there any lenders/brokers in South Florida will lend on rental condos do not have reserve. Please feel free to contact me, thanks!