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Updated over 2 years ago,
Searching for No Income Loan
Good morning! :)
I am on a mission to find the best financing for my next investment property.
Some background info: I just sold 3 single family homes in California. I used part of the proceeds to buy a house in Maine outright with my husband. We would like to use a portion of the remaining funds to purchase more properties. We have one in mind already. Asking price is $98,000. While we could purchase the property outright, we would prefer to finance. When we finally get out to Maine (about 1-2 more months) we will be taking time off so we won’t have a regular W2 income. This can make finding financing difficult even though we have the liquid assets to cover the loan.
So I reach out to you, my lovely Bigger Pockets community. Does anyone know of any good “No Income” lenders with light minimum loan limits? Or does anyone have any ideas how to get this property financed?
Thank you in advance!