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Updated about 10 years ago,

User Stats

27
Posts
18
Votes
Tim Olsen
  • Rental Property Investor
  • Idaho falls ID
18
Votes |
27
Posts

recently changed to a 1099 and cant refinance... any ideas?

Tim Olsen
  • Rental Property Investor
  • Idaho falls ID
Posted

I purchased a triplex in Idaho falls ID six months ago with cash and fully renovated and rented it. Now that the six month seasoning period the banker required is over he has informed me that my switch to a different company that 1099's their drivers will stop me from getting the loan. I have checked with other banks and local credit unions and all of them seem to have the same guidelines on that issue. Does any one have any ideas/suggestions to finance this thing so I can pull some equity back out? 

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