What to do when the bank won't fund because no W-2 Income

[Bill Manassero]

O.K.  You finally get to the point where you make enough "passive income" where can quit you J.O.B.  You find a great multi-family property, make an offer that gets accepted and it goes to contract.  You have a bunch of equity in your properties and want to do a cash-out re-fi on 3 properties to get the down payment for the multi.  You go through 3 months of grueling paperwork back-and-forth with the bank only to find out they won't finance the loan because you don't have traditional W-2 income.  True story.  Now what?  The clock is ticking.  What would you do?

[Upen Patel]