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Updated over 5 years ago on . Most recent reply

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Jeffrey Bradshaw
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Difficult time finding a lender to do cash out refi on primary

Jeffrey Bradshaw
Posted

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

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
6,318
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7,929
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Jeffrey Bradshaw if you have an LLC...maybe it can rent the properties from you.

  • Andrew Postell
  • Loading replies...