Getting more leverage without a W2 at today's rates!

[Patty Yang]

I am helping a group of investors to  increase holdings in their portfolio as well as flip. They are all retired with no W2 income but have social security, pensions, and other rental income from their holdings as well as sufficient cash portfolio. They also have property that are free and clear.

In this situation, who are the best people to chat with to get loans for cheap?

We are looking to position ourselves to buy when we see a good opportunities especially when the market downturns. Specifically looking for MFRs, SFRs, storage business opportunities. 

Would appreciate list of institutions you've worked with that offer the best rates and your reviews. 

Thank you!

[Will Fraser]

Hi @Patty Yang!  Retirement income, including SS benefits, are generally "lendable" income, so that's good news!  If I were in their shoes, I would look to cash-out refinance as many of these homes (or get HELOCs on them) as possible to maintain the asset and liberate the capital.  Until they have each maxed our their #Conventional Loans then there is cheap debt on the table that they could redeploy into a partnership and have some major purchasing power.