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Updated over 2 years ago,

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3
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1
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Ryan Auber
1
Votes |
3
Posts

Seeking funding methods for newly self employed

Ryan Auber
Posted

Hello BP Community!

I am seeking different loans / funding methods I could get approved for to fund more deals.  Last year until the end of 2021, I had a W2 job and had stable income, had no issues getting loans.  I stepped away from my W2 and started my own business this year,  not showing stable income quite yet.

I have one SFH rental and looking to expand into more, I do have the option to cash out refinance, but I don't think I will get approved for another loan due to my income situation. I am also open to selling this and purchasing a duplex as well.

Does anyone have any advice of what I can do to add another property to my portfolio?  I do not have a primary residence under my name, I may be able to do something with the 0% down first time home buyer (buying a duplex)..  Just trying to weigh my options out.


Thanks in advance.

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