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Updated almost 7 years ago,

User Stats

7
Posts
1
Votes
Joshua Lounsberry
  • Flipper
  • Olalla, WA
1
Votes |
7
Posts

BRRRR Conventional Lender Requirements

Joshua Lounsberry
  • Flipper
  • Olalla, WA
Posted

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! 

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