Hello I'm new here .
My home is paid for worth Around 425k and I'm trying to get Financing to build spec home . Great credit score but show a lower income. I'm a general and electrical contractor self employed for ...

Howdy @Cyprian B.What condition is the property in?  

Howdy @Dale CarlsonDid you analyze the property and area, before purchasing it, to develop an ARV?  

Howdy @Lora P.What does your current Cash Flow analysis look like?  

Howdy @Mitchlyn DavisFellow Vet.Have you developed an ARV using recently sold comps?  

Howdy @Evan BellYour numbers will not work for the BRRRR strategy and get 100% (or close to it) of your cash out on the Refinancing.Since your ARV is $430,000 your All-in costs (Purchase price, Rehab costs, Closing and Holding costs) should be no more than $301,000 or 70% of ARV.Your Purchase price and Rehab costs estimate already put you way over that amount ($290,000 + $80,000 = $370,000).  

Howdy @Charlsi KelleyI agree with @Chris Lopez.  

Howdy all!

I am not new to biggerpockets but I am new to Austin.  I have now lived in North Austin for 3 months, moving here from Los Angeles.  I am originally from Utah though.  I currently have 3 SFH's in Kansas City that are ...

Howdy @Garrett F AndersonThought I would jump in and give you some extra pointers.