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Updated over 2 years ago,
Seeking funding methods for newly self employed
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.