Asset based lenders in Tulsa, Oklahoma City /Oklahoma in general

[Nate Sanow]

I am looking to develop relationship and possibly apply with any lender covering rental property loans based on the assets. Specifically looking for this with the intention of using them in final step of Brrrr. We have good credit and have had decent income but are both transitioning more fully into self employment. I’m already there wife will join by next year...

Asset based definition in my book is no traditional W2 / tax return criteria but the value of the asset / possibly even the strength of the asset with regards to DSCR > DTI.

Also. Google isn’t necessarily helpful here as a lot of non-local and non-real estate type companies appear. Thanks in advance

[Jason Wray]

Nate,

A few things here to go over based on last steps of BRRRR if its a refinance you would want to use your wife's income now before she transitions to SE. When you use asset guide lines to qualify your looking at reduced LTV on all programs including cash out and purchase. If your going to purchase a new investment, there are two things that can be done bank statement loans 12/24 months using gross deposits to qualify (No Tax returns, No W2's ) The other is using the proposed properties rent roll or monthly rental income to qualify. The rental income must be greater by 115% of the proposed PITI payment.