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Updated almost 8 years ago,

User Stats

27
Posts
3
Votes
Matija Cukac
  • Investor
  • Sunnyside, NY
3
Votes |
27
Posts

Help with refinance issues

Matija Cukac
  • Investor
  • Sunnyside, NY
Posted

Hello everyone,

My partner and me are purchasing 2 properties this month and 3 more following next month. As we are financing all of it through HML we want to refinance it and do popular BRRRR strategy. Issue here is that I don't have tax returns to get a regular mortgage and his income is around $50k. What are our options? One option that we talked about was a portfolio loan right after we get a fifth property and get our cash out but then we can't refinance at higher % and get some some money out. Issue there is they require seasoning of at least 12 month and that doesn't work with HML.

I hope I made myself clear and someone has a good advice.

Thank you!