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Updated almost 4 years ago on . Most recent reply

Justine Veal's profile image
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Justine Veal
  • Investor
  • from Atl, GA
  • Member since Feb 18, 2021
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Justine Veal's profile image
Justine Veal's profile image
Justine Veal
  • Investor
  • from Atl, GA
  • Member since Feb 18, 2021
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Justine Veal
  • Investor
  • Atl, GA
39
Votes |
61
Posts
Private Lending & Conventional Mortgage Advice

REFINANCING AFTER USING A HARD MONEY LENDER

Justine Veal
  • Investor
  • Atl, GA
Posted

Hi all, 

Quick question if I purchased a MF property using a hard money lender and decided to refinance to a conventional loan 6months to a year later would I need to have  W2 income ? I'm ready to quit my job and invest into real estate primarily. I'm wondering if I should wait. 

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Brad Hammond's profile image
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Brad Hammond
  • Real Estate Agent
  • from Portland, OR
  • Member since Jan 17, 2016
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Brad Hammond's profile image
Brad Hammond's profile image
Brad Hammond
  • Real Estate Agent
  • from Portland, OR
  • Member since Jan 17, 2016
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Brad Hammond
  • Real Estate Agent
  • Portland, OR
604
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Brad Hammond
  • Real Estate Agent
  • Portland, OR
Replied

Hey @Justine Veal, it depends on your personal financial situation but chances are you will need your W2 income.  It wouldn't hurt to talk to a lender now even if you are 6-12 months away from repositing.  

  • Brad Hammond
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