Help! Denied a Cash Out Refi Using Capital Gains Income.

[Jason Maestas]

Hi BP,

I am trying to do a cash out refi on a single family property which I purchased cash and renovated. My primary source of income is capital gains income through flipping. I was told by a lender that I cannot use that income to qualify for the Mortgage. Is anyone else having this issue? Could it be that particular lender or is this an industry standard? If so, what other options do I have to release the equity in the home? If its the specific lender, who are you guys having success with for your cash out refis? Thanks!