Great Credit, Good Assets- no "income" how do I get financed??

[Mike Campion]

Like the title says, I have good credit, lots of liquid assets and no debt. Problem is I just sold my business and am going into real estate full time so I have no income. I have cash to buy some houses, but not enough to meet my cashflow goals and need some leverage- even if I can only get 50-70% LTV, it's better than all cash- any suggestions from the group??

[Darrell Shepherd]

I have the same problem. Banks don't color outside the lines as a general rule. The people doing the loan are checking of boxes, not thinking. You can form an LLC and pay yourself (my salary is crazy low, but I have no debt so DTI still works). You can do one or two then use that income to qualify for the next one.

Commercial lending isn't nearly as by the book. You can buy multi family or storage or something and use the income from the asset as the qualifier.

Other option is to get a credit partner. I'm about to buy up some rentals with one of my private lender. My work, his credit, split profits.