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Updated almost 3 years ago on . Most recent reply

User Stats

17
Posts
7
Votes
Aaron Leger
7
Votes |
17
Posts

Loan Options Advice

Aaron Leger
Posted

Hi all,


Currently working on flip #2 and renting a cheap apartment. Working towards buying multi families. Should have some decent cash after flip 2 (250k). Working a 1099 day job and doing okay. Was wondering what some loan options are that would be okay with my 1099 job W/O 2 years tax returns. Some decent places in my price range and geographic range and it kills me to watch them come and go. Wanna get into something while I finish my flip. I won the flip house out right, and though I need about 100k to finish, it’s all debt free. Advice please :)

Most Popular Reply

User Stats

141
Posts
70
Votes
Jacob Trogan
  • Lender
  • Kansas City, MO
70
Votes |
141
Posts
Jacob Trogan
  • Lender
  • Kansas City, MO
Replied
Quote from @Aaron Leger:

Hi all,


Currently working on flip #2 and renting a cheap apartment. Working towards buying multi families. Should have some decent cash after flip 2 (250k). Working a 1099 day job and doing okay. Was wondering what some loan options are that would be okay with my 1099 job W/O 2 years tax returns. Some decent places in my price range and geographic range and it kills me to watch them come and go. Wanna get into something while I finish my flip. I won the flip house out right, and though I need about 100k to finish, it’s all debt free. Advice please :)


Bank statement loans. Reach out for contacts I can point you to. As far as your flips good job as a HML I tell people this is a great way to build capital!

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