Recommendations on financing CASH OUT REFI with no income.

[Nate Richards]

Hi Guys,

Looking for some recommendations here.

I'm a newer investor (2 properties this year), and have a free and clear rental property I recently rehabbed and rented, with new tenants (2 months ago). My initial plan was to do a cash out refi @ 180 days (Aug). However, I've recently parted ways with my employer, so my current lender says I have to wait until I am working again and also have 2 months of paystubs to prove it. 

Are there some recommendations on where I could refi based on rental income, or my wife's income? The house is in my name only, but I am married, and my wife has great income and no debt to her name. Any chance she can pull the loan? Since I've only been doing this a year, the bank is saying my rental income is irrelevant. I'm looking to pull 40-45k, and it rents for $750/mo, which more than covers a 30yr note including Taxes & ins....

Any insight would be appreciated.

Thanks,

Nate