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Updated about 3 years ago,

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9
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Stewart Battle
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9
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Any suggestions on finding lenders in Michigan?

Stewart Battle
Posted

Hi everyone,

I'm new to Bigger Pockets, but am preparing to jump in with my first BRRR soon and would like to get something lined up with a lender or two before I take any further steps. I'm in the metro Detroit area - does anyone have any suggestions/recommendations?

The 6-month seasoning period is a little bit of an issue for me, as I don’t have enough capital to do more than one deal at a time before getting a refi, but seeing as it’s my first attempt I may just take it slow and not try anything too complicated. With that said, I still might be interested in a non-conventional loan if everything goes successfully and I want to pull my cash out and repeat!

I’m also not sure about my income verifications. I have a mortgage on my house currently, but my work is not regular and I get 1099’s, so I don’t think I’ll qualify for another conventional mortgage as easily as the first. So I’d be interested to hear suggestions about lenders and options given that challenge as well. I’d like to avoid getting a co-signer, like from a parent or someone, if possible.

Thanks for any advice!

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