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Updated over 5 years ago on . Most recent reply

Difficult time finding a lender to do cash out refi on primary
Hi everyone!! Recently I've been trying to do a cash out refi on my primary home in Virginia. The problem I'm running into is the fact that I purchased several short term rentals earlier this year and have been told by multiple lenders that since I haven't owned them for over two years and would need to see the income from them on tax returns they would not be able to proceed. Has anyone else run into the same problem? Is this just standard and I should just wait out the 2 years??
Most Popular Reply

Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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@Jeffrey Bradshaw if you have an LLC...maybe it can rent the properties from you.