Portfolio lender - Multiple Areas

[Kris Johnson]

Hello All,

I have resigned from my W2 job and going into independent consulting.  As a result, further conventional loans are out of reach until I have 2 full years of tax returns.  

Come Q3 this year, I will have 300k plus cash from various options that will mature.  I want to put this into real estate and ideally leverage it via financing.  I am planning to invest it into residential single and multi family turnkey properties. 

I am looking at markets such as Chicago, Cincinnati and KC.

Can anyone recommend some portfolio lenders who will work with someone without W2 income or taxes proving income as an independent.  I would hate to sit on the money and not be able to put it to work.  That will seriously Impact my financial Independence Day plans 

[Dustan Marshall]

it may be difficult to get financing to purchase a non owner occupy.  But in my experience it can be easier to refiance a non owner occupy once it is preforming if you have real estate experience because it becomes less about you and your w2 and more about the asset and it's performance.  So if you have real estate experience, you may consider purchasing all cash and after some seasoning refinance to pull the equity out and repeat.  You can always ask lenders about this more to see what they are willing to do