BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 5 years ago, 11/05/2019
Refinancing with no W2.
I have a substantial cash sum in a money market account from a company sale. Against this I have a large LOC to use to purchase high ConC rentals and high potential flips.
I have no W2 income. I get income from a consulting business and my orphan property biz.
Here’s my issue. I’m getting stonewalled when seeking refinancing due to no W2 income. Crazy as I have enough accessible $ to pay off a mortgage or pay monthly payments for decades without ever
Working again.
Anyone run into similar issues getting refinancing? Any recommendations for lenders for guys with
Non-W2 income sources?
Thanks
Robbie