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Updated over 5 years ago on . Most recent reply

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5
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Martin Padilla
1
Votes |
5
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Self employed need help

Martin Padilla
Posted

I am currently self employed 1099. I want to get started buying properties but my taxes do not reflect enough income to receive a traditional loan. What are my options as far as getting financing. I am wanting to buy and hold for cash flow and want to implement the BRRRR method and am not sure if i will be eligible for the refinance either..Please help!

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703
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Tim Johnson
  • Lender
  • Grand Rapids, MI
445
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703
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Tim Johnson
  • Lender
  • Grand Rapids, MI
Replied

Non QM loan would work, they can do stated income or bank statement.  Just get ready they take forever to close and your going to be super pissed off. Plan on 60 days to close so write that in your offer.

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