BRRRR refi issue: now what?

[Teresa M.]

Hey everyone, I am trying to do a cash-out refi on my first BRRRR deal and am having serious issues...as in, "no." A lot of it is COVID-19 related, but how do you guys get financing for these if they are your first one and lenders are looking at DTI? Also...this may help you in answering my question...it's an up down duplex. Upstairs is a well-performing AirBnB (which some lenders are not so cool with, but they make a great return) the downstairs is not rented but will be after this is all over. Before all of this happened Visio was lined up to finance it and now a lot of non QM lenders aren't lending and if they are, their terms are not good. Should I wait it out until lending calms down? My PML's % rates are killing me! Thanks in advance:)