BRRRR rejections Banks/ NO's

[Leslie Fitch]

Hi Everyone!  

We have been investing for 7 -8 years now and the banks r now saying we are at a 43% debt ratio. I've always used the smaller banks but I NOW NEED a great bank not a hard money lender. We have great liquid in the bank and over 700 credit scores, never ever late on anything but it doesn't seem to matter. We paid cash for 2 properties now and when it comes time to refi out the banks are saying our debt ration is not good. We have 16 rentals with 12 mortgages between 2 banks all bringing in great cash flow. Between 170-500 each!  Both banks apologetically r now out? I cant help I have a goddess for a tax accountant. What do I do!   We have just got to a financial position we worked so hard for in the flips to be able to pay cash for these homes and we are now stuck.  We need to rent them for retirement. I don't want to sell, although we could make 30k each NO! I WANT TO BRRRR Brandon! 

Please & Thank you for your advise

[Andrew Syrios]

There are a lot more than two banks out there. Banks are weird. Some will do what others won't even consider. Call around or go to your local REIA and ask who other investors are using. You may have to take a lot of lenders out to lunch, but you should be able to find someone willing to refinance you.