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Updated almost 2 years ago,

User Stats

10
Posts
4
Votes
Marshall Swatt
  • Investor
  • Syracuse, NY
4
Votes |
10
Posts

Financing options for 1-4 family, w/out W-2 or tax returns?

Marshall Swatt
  • Investor
  • Syracuse, NY
Posted

I own three rental properties currently, with modest DTE ratios (<70%), and strong cash flow. I'm considering leaving my current job and going into RE full-time, to grow the portfolio. I have capital to make downpayments and cover closing costs for additional purchases. The problem I'm running into (a very common one) is that bank lenders want to see personal W-2 income or tax returns as part of the application for an investment property purchase. Are there lenders who finance without requiring personal income, esp if I can show a track record? Is there a way to structure things so that I could do this? Looking to avoid hard money lenders.

Thanks!

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