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Updated over 7 years ago on . Most recent reply

User Stats

51
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36
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Mark Russell
  • Fredericksburg, TX
36
Votes |
51
Posts

Financing options after having just quit my job to go full time?

Mark Russell
  • Fredericksburg, TX
Posted

Hello all. Ive recently quit my 9-5 to go full time in RE investing. My plan is to do some flipping and slowly transition to the BRRRR strategy to bring in some passive income. I have roughly just over $100000 to get started investing. I have a decent credit score at 700 and have no debt. I own my cars and home. I feel pretty certain that conventional lenders like banks will be out as far as financing deals. So I guess my question is about brrrr. What will my options be for refinancing a brrrr house without proof of income? Will I have to show I did well with the flipping for a couple of years before I could be refinanced? Or are there other options?

Most Popular Reply

User Stats

20
Posts
10
Votes
Tyler Heard
  • Oklahoma City, OK
10
Votes |
20
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Tyler Heard
  • Oklahoma City, OK
Replied

St.  Pephanie sounds cool as well

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