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All Forum Posts by: Piia Hanson

Piia Hanson has started 1 posts and replied 2 times.

Buying & Selling Real Estate

Post: BRRRR question - how to get around having 2 years of tax returns?

Piia HansonPosted
  • Posts 2
  • Votes 1

This is great feedback everybody!  Thanks so much for your helpful feedback.  I'll try to find a commercial/portfolio loan.  Fingers crossed!

0 Votes
Buying & Selling Real Estate

Post: BRRRR question - how to get around having 2 years of tax returns?

Piia HansonPosted
  • Posts 2
  • Votes 1

Hi all - I quit my W2 job last year and launched 2 businesses, 1 company for my real estate and a 2nd company for my consulting work. I've flipped one property and now own 3 others - 2 are cash and 1 has a mortgage. I'd like to try the BRRRR strategy with one of the cash properties but banks/lenders tell me they need at least 2 years of tax returns from my new businesses for me to get the loan. Any thoughts/suggestions/guidance on how I can mortgage one of these properties without having the 2 years worth of returns? Thanks!

1 Vote