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Updated almost 7 years ago on . Most recent reply

User Stats

351
Posts
273
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Matt Shields
  • Broker
  • Phoenix, AZ
273
Votes |
351
Posts

Hard Money for Buy and Hold?

Matt Shields
  • Broker
  • Phoenix, AZ
Posted

Instead of selling some of my flip houses in Arizona, I would like to refinance them out of short-term hard money into long-term rentals using the BRRR strategy. The problem is that I don't have a real job or W2 and can't get a conventional mortgage. Does anyone know of a private long-term lender for buy and hold? Thanks.

Most Popular Reply

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1,543
Posts
1,099
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Kevin Romines
  • Lender
  • Winlock, WA
1,099
Votes |
1,543
Posts
Kevin Romines
  • Lender
  • Winlock, WA
Replied

@Matt Shields Yes, I know of programs that will fit that scenario perfectly. You don't show employment or income on the application its all about, if the rents equal or are more than the PITI on the refinance loan. If so, your good to go. PM me for more details.

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