Brrrr! Is refinancing easier when you buy cash?

[Devin Scott]

Hello all! So I am on the fence of quitting my W2 job and being my own boss in my family business (1099). Even though I am soooooo ready to get out of the corporate system, I am nervous it will hurt me when it comes to investing in real estate. I heard it is really hard to get conventional financing when self employed, but is getting a conventional loan considered the same as refinancing a home that is owned out right? If I can buy a house cash, fix it up, and put a tenant in place; can I cash out refi while being self employed or is it considered just as hard as getting a conventional loan to buy the property?