BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 3 years ago,
Cash Out Refinance without W2?
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!