Live in Flip Mortgage for Self-employed <2 years!

[Jacob Schurer]

Hi BP Community

Looking for lenders / lending options to purchase a home as a live-in-flip.  This would be the second time I (my family) has done this, only this time I've been self-employed for <1 year now vs. previously I was a W2 employee.

Currently on the phone with local banks, ideally looking to use a 203k rehab + proceeds from selling our current primary.

Any/all recommendations are appreciated!

[Mike Grudzien]

I always recommend checking with your local credit unions:
--better rates
--local decisions
--community connection
--opportunity to build long term relationships.
My 2 cents,
Mike

[Jacob Schurer]

Thank you Mike, they're also on the list as we are already members!

[Craig Warner]

I may be able to help as an FHA 203K as you mentioned, but need to dig a little further as to your self employment business and if your were in the same line of work as a W-2 employee.

Maybe be easier to talk on the phone for 5 minutes. 

Send me a DM if you want to connect.

Thanks

Craig

[Jacob Schurer]

Thanks @Craig Warner, DM sent!