Wondering if anyone has any recommendations for a normal investment property refinance. I have two properties (exact same property just across the street from each other) one is a seller finance that is coming to the end of its contract for balloon payment and the other is a fix and hold Interest only loan that is also coming to the end of its contract for balloon payment. Both properties are in Upstate New York, both duplexes that are fully rented at good prices. One appraised last year for 100k. I think it would appraise between 100k - 115k based off latest comps but it is a hard town to comp for.

I am finally at my two year mark not being W2 so if I can skip past DSCR loans and the such that would be much preferred as I dont want to pay the fees if I don't have to as I am trying to get some money I put into each unit to renovate back out of it.

I have my 2023 taxes Non W2 and hope to have my 2024 Taxes Non W2 back end of this coming week.

Things that could get in the way im putting out there now to make sure no surprises after someone does the work to get me quotes

- New York State

- Appraisal will barely be past 100k if that

- 98% of my income comes from my rental portfolio (thats a new fun rule (to me) I just learned about)

- Prefer something without a ton of fees and such. I had to do them for not having 2 years tax returns but prefer not to if dont have to.

- Cant do blanket loan as I own one of the houses in one llc and the other in another llc.

Thank you for your help and I hope someone will have good options! The credit unions in my area only work with bigger companies so just know I have already reached out.

Jamie

Jamie O'Connell

Upstate New York, New York

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Investment Property Refinance - New York 100k Value

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