Hi all,With the Coronavirus reaction pushing the Fed’s interest rate to 0% I’m looking at refinancing our existing USAA VA home loan into a 30 year conventional.

I currently have a conventional, 30yr fixed rate at 4.375% interest.

@Nijha London are you planning on utilizing conventional lending? 

If you own rentals in Las Vegas/Henderson Nevada, it looks like the area is going to really feel the financial effects of this.It looks like Caesars Palace and the Sahara are laying off workers, and the Wynn is shutting down 100% for 2 weeks.A lot of other busineses are going to have issue too.Here is a list: https://www.reviewjournal.com/business/conventions/whats-canceled-or-closed-due-to-coronavirus-updated-for-shows-schools-business-sports-1972937/Link to front page: https://www.reviewjournal.com/

I am worried about getting approved for conventional loans on multiple properties considering I do not have 2 years of landlord income.

As long as the Triplex can DSCR 1.25 and leased 100% you might be looking at a higher rate than the conventional loans but doable.

@Dan Gamache I’m looking to get a conventional loan with 20% down and then BRRRR the property.

This is so I can refinance after a few months and qualify for a conventional loan. 

I've tried to go the route of owner financing but he'd rather just pay the capital gains tax and take the remaining profit to pay off all of his debt so I'd have to go the way of a conventional loan.  

I was so motivated to get my first house hack, and 2nd 4-unit property (1st one was 25% down conventional)I'm just disappointed that all the podcasts i've listened to, i've never heard them mention this self sufficiency rule... completely changes my plan, and reduces the income I was hoping for dramatically.