Best Loans when you have Investors?

[David Seemiller]

Hi Everyone,

I've got a couple properties and have run out of capital. Fortunately, I have some friends and family that have seen my success and would like to invest. I can pull 20% down from investors, but, I understand that traditional loans don't allow investors, only family gifts. 

Does anyone have any recommendations on what avenues to look down for financing when the 20% down is provided by investors?

Thanks!

David

[Tyler Mutch]

@David Seemiller

How long have you owned them? Most of the time banks will count that income as long as they’re on your tax returns. I was in your situation like a year ago, I had run out according to one bank because they wouldn’t look at rental income for two years. I just refinanced those two, bought another and have a preapproval from another bank who would count the rental income.

Hope this helps!