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Updated almost 5 years ago,

User Stats

45
Posts
11
Votes
Wayne Yahnke
Pro Member
  • Rental Property Investor
  • California, CA
11
Votes |
45
Posts

Strategies For Submitting Loan Packages in 2020? BRRRR Refi!

Wayne Yahnke
Pro Member
  • Rental Property Investor
  • California, CA
Posted

Hello BP Fam,

Looking on advise for my current refinance situation. 

Heres what I have so far:

Standard Loan Docs ready (income, bank statements, taxes etc)

BP Calculator on current investment (BRRRR) completed and saved as a PDF

Dilemma: heavily leveraged with a HELOC and a 2nd Mortgage. The Refi would clear both of these loans. These loans funded the purchase and rehab.

Does anyone draft a bio and/or a business statement?

Goals?

I have 3-6 months in savings for my properties. How do I show that?

Any advise would be helpful.

Thanks in advance

  • Wayne Yahnke
  • Loading replies...