Question about financing a rental

[Account Closed]

Hi everyone, 

I'm buying a rental property at a nice discount but I'm not sure on how to finance this deal.I've been working as a realtor for the last 7-8 months so I don't have a W-2 job. My credit score is decent (around 680) and I have very good cash reserves. The property is in move-in condition and I'm buying it around 70-75 % discount. I'm planning on doing a cash out refinance down the road. 

How should I be financing the property? Should I use a HML, portfolio lender or just try and get conventional financing?

[Preston Schmidt]

Hello Daniel, you might need to find a private money or HML if you do not have two years history of commissions as a Real Estate Agent going conventional. I'm a 50 state lender and have two other realtors in the same boat as you looking to buy but cannot due to Fannie Mae and Freddie Mac Guidelines. We have a portfolio loan like most lenders do but that could also be something to look for trying to get pre-approved.