BRRR.. and Refinancing when you're Self-Employed

[Aram L.]

I'm looking to own multiple properties. I have about $150k to start but want to apply the BRRR method. Only problem is I show as self employed on my tax returns

What do you do to get over this hurdle?

Like many people I tend to write off a lot of my income so the DTI ratio isn't as padded as some others.

[Kristen Duggan]

Hi Aram, a traditional lender will want to review your past three years of bank statements to determine eligibility. If that doesn't fly, another option will be to go through a commercial loan broker or specialized lender who will look at the quality of the collateral to determine whether to make the loan or not, rather than scrutinizing your personal financial history.