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Updated over 5 years ago on . Most recent reply

Edward L.'s profile image
Edward L.'s profile image
Edward L.
  • from Milwaukee, WI
  • Member since Dec 7, 2015
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Edward L.'s profile image
Edward L.'s profile image
Edward L.
  • from Milwaukee, WI
  • Member since Dec 7, 2015
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Edward L.
  • Milwaukee, WI
1
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10
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Private Lending & Conventional Mortgage Advice

Refinancing worries due to no income

Edward L.
  • Milwaukee, WI
Posted

I have savings but no income currently. If I start purchasing several properties in cash what is the easiest way to get the cash out without verifiable income?

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DJ M.'s profile image
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DJ M.
  • Realtor
  • from Southeast Michigan
  • Member since May 29, 2017
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DJ M.'s profile image
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DJ M.
  • Realtor
  • from Southeast Michigan
  • Member since May 29, 2017
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DJ M.
  • Realtor
  • Southeast Michigan
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232
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DJ M.
  • Realtor
  • Southeast Michigan
Replied

Going to be hard with no income, or if you cant use your rental income to count. DTI #s are going to be off.

Best way is probably private money, or LC them out.

Good luck

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