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Updated almost 8 years ago,
Help with refinance issues
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!