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Updated over 6 years ago on . Most recent reply

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Dillon Visentin
  • Flipper/Rehabber
  • Sacramento, CA
5
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14
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Brrrr transition from hard money to conventional

Dillon Visentin
  • Flipper/Rehabber
  • Sacramento, CA
Posted
Hello everyone on BP I've been walking with some people and interested in possibly doing the brrrr strategy my only concern being full time flipper how I go from hard money loan part to the conventional loan part if I don't have a proof of income. Also have been flipping for about year and talking with mortgage person if self employed you need 2 years of bank statements so would I just have to wait little longer or is there way around that. Will be getting business name and license pretty soon here as s corp.

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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
Replied

You would need to refinance into commercial loans until you're able to qualify for conventional.

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