Creative financing a new fourplex

[Tyler D.]

I'm looking to buy a Fourplex, but potentially running into issues on getting a loan, and would like your advice.

The majority of my income is non taxable, and the banks I have talked to have said that they will not loan on it. I have a small portion of my income that can be used, but it will not cover the loan.

I have a significant amount of holdings, worth about 1/2 of the loan amount. 1/2 of those holdings (1/4 of the loan amount) is in cash reserves.

I've also heard that banks can use 75% of projected rents to pay the loan. The banks I have talked to about this however were quite picky and said they would only do it with already established leases, which wouldn't be likely for a new purchase. If I could do this on projected rents, I could get the loan easily.

Another option would be to get a cosigner, but I would want to eventually remove them as I would like the property to be completely my own responsibility.

Any advice on banks to talk to/ methods to use to finance this fourplex?