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Updated almost 3 years ago,

User Stats

18
Posts
5
Votes
Sammie Baker
  • Investor
  • Central Florida
5
Votes |
18
Posts

Cash Out Refinance without W2?

Sammie Baker
  • Investor
  • Central Florida
Posted

Got our first investment property through a bank statement loan since we are self employed. We are putting 20% down and are stuck with a 6% interest rate. 

Two part question:

A:  I'd like to do a cash out refinance eventually but can I do this without a W2? 

B:  Is it possible to both lower our current interest rate (6%) plus get cash out of the property to use as a down payment for another investment property?

Ultimate Goal is to BRRRR all investment properties. (rent using STR-airbnb)


I appreciate any advice! 

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