Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago,

Account Closed
  • Specialist
  • Northern CA
57
Votes |
154
Posts

Advice on getting financing under 100k (heloc/cash out refi)

Account Closed
  • Specialist
  • Northern CA
Posted

Here is my story if anyone can help me out would be much appreciated. Im located in Northern CA (bay area) I have locked up a SFR under contract for 95k cash. I need help with financing. I can not provide 2-3 years tax statements as on paper I do not make enough money due to a previous HELOC and some credit card debit however I own 7 properties ( 6 off them paid off no debt total value 700k ) all of them collecting rent ( around 7k a month ) I can provide bank statements for proof of funds. I believe stated income is my only way to get funding. My credit score is 730

I have searched far and wide for local banks credit unions ( large and small ) to give me a stated income HELOC or Cash Out REFI with no luck.

Is there any lenders on this site that may help me get this financing or are there any small local banks anywhere in Northern CA that can help a savy investor. I can't get anyone to even consider this as they are not savy to real estate investing. Some of them haven't even heard of stated income which is just crazy to me.

Thanks

Loading replies...