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Updated almost 7 years ago,
BRRRR Conventional Lender Requirements
I'm looking for lender to offer a low fixed rate mortage for a property I own outright. I want to BRRRR it, but can't seem to find a conventional lender who will work with me on the 'R'efinance part of BRRRR. The trouble is I quit my W-2 job last year to focus full time on REI. After a very successful first flip I want to start BRRRR.
My usual lender is telling me I must have two years of W-2 or tax return income from the same field , trouble is I don't have this.
Are there any lenders out there that will loan conventionally to me?
Thanks!