All Forum Posts by: Jessica Roland

I'm sure something will work out with his contacts.  Three of our houses currently have Wells Fargo loans. They would probably do the current house but take a long time, have expensive fees, and the local mortgage officer doesn't know anything about investment properties.

@Kevin Romines can you please send me the names of some other companies? For some reason I am having a hard time getting a hold of Angel Oak. I've e-mailed and called but have not been getting any responses.

I don't know. We just talked to him today but I will definitely check on that.

Thank you everyone for your help! We are talking with a mortgage broker from @Kevin Romines above. They look at just the income from the property which is exactly what we were looking for.

https://angeloakms.com/investor-cash-flow-program/ This is the website I found if someone is interested. @Paul Holtham They connected me with someone in Iowa, maybe they would know of someone in NY.

I have checked local banks and they seem to be the worst option. Maybe it's our location. The credit union requires 75k loan minimums which most of the houses in this area wouldn't even qualify for. Our current loans are with State Farm and Wells Fargo. Wells Fargo would probably do it, but we didn't like the terms.

Thanks for the responses! I will check all these out!

We have finished our second BRRR and can't find a lender to do a cash out refinance for us. It is actually our first rental property and has been rented for 1.5 years. Lenders are saying our income is too low. Our personal income is extremely low, but we have 4 single family's rented and are almost done with our third BRRR (not rented). Any advice on a lender who can refinance for us? We live in Atlantic and the ARV for these two houses will be 70k and 90k. We'd love to get our money back out to purchase more houses. Thanks!

We have finished our second BRRR and can't find a lender to do a cash out refinance for us. It is actually our first rental property and has been rented for 1.5 years. Lenders are saying our income is too low. Our personal income is extremely low, but we have 4 single family's rented and are almost done with our third BRRR (not rented). Any advice on a lender who can refinance for us? We live in rural Iowa and the ARV for these two houses will be 70k and 90k. We'd love to get our money back out to purchase more houses. Thanks!

Sorry, I guess this was the wrong place to post but I can't figure out how to move it or delete it.

If wallpaper is in good shape and not obnoxious, will it add enough value to our rental house to bother removing it before refinancing with a bank? Thanks!

We took out a HELOC this summer for a fixer upper that we paid cash for. After it was rented, we did a cash out refinance with a conventional loan and paid it off. Interest rate and monthly payment is less than credit cards. Now we have that credit line available to use again!