Financing issue....well maybe

[Alex San]

I recently discovered you guys and am taking in as much info as I can. One roadblock which keeps coming up on financing. I have perfect credit (800 fico) and cash to back me up (200k) however I do not want to throw all my eggs into one basket so I am trying to get financing from banks. They all want tax returns. Although I make a decent amount of money, as I work for myself, the reporting and tax forms do not reflect that because of write offs. My income is as close to zero as possible once the return is complete. I have not found a bank that wants to extend funding to me even if I put 50-100k on a 200-300k property. My only alternative is hard money and the interest rates and fees are insane. What do I do?????

[Alex Bekeza]

@Alex San you don't need hard money. There are tons of programs that only review bank statements and don't even calculate DTI.

It's got several names "commercial lending" , "asset based lending", "business purpose loans", "DCR programs" etc etc

All of these are qualifying the loan based off of FICO, liquidity, property based income and experience.  Rates are above conventional but far below hard money.