Cash out refinancing

[Tanner Johnson]

I am going to keep it simple. I am 21 years old own 2 houses outright that I have full equity in worth about $400,000 together with no loans against either of them as well as another house with a mortgage on it. They provide the bulk of my income as I am a college student. My net cash flow from those 3 rentals is about 3500 a month and my other venture earns about 2000 a month. I want to get as much cash out of the two houses as I can to invest in other properties, I Have my eye on. Problem is they will not consider the rental income when I am applying for these because there is not 2 years of income history on them and my other income is not enough to qualify for the refinance. What can I do to rectify this as I do not want to wait 2 years to be able to pull out equity and get more deals, any questions ask thank you.

[Taylor Dasch]

Check different lenders, A lot of lenders that I have spoke with are able to use a portion of the rental income if it hasnt been 2 years yet. You are killing it in college with 3 paid off rental properties. How did you do that? If you cant do a typical conventional loan, I am almost 100% certain you will be able to do a DSCR loan, especially since you own them outright. What state are you in? There are a lot of great lenders on here that specialize in investor loans.