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Updated about 5 years ago on . Most recent reply

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10
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Patrick Mullin
  • Columbus, OH
5
Votes |
10
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Loans without steady income

Patrick Mullin
  • Columbus, OH
Posted

We have recently finished our first flip house and am now looking at selling our flip and buying a duplex or two. The issue we are having is lending, when we bought our first flip we had two steady incomes now we have one steady and one none steady. Question is what's the best way to approach lending in this situation. 

Thanks for the help

Most Popular Reply

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Replied

Shop around with the hard money people.  If it's a good deal they'll give you a loan as long as you provide enough collateral (which can be the home you're purchasing).  Of course the big draw back will be they'll eat a big portion of your profits.

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