Cash out financing without a W2?

[Hunter Purnell]

I'm curious if the BRRRR method is possible without a W2 income? I plan on flipping properties but is there any kind of DSCR cash out refinance? I won't have income from flips for a year on my taxes so I'm wondering if in the in-between phase if I would be able to do a cash-out? Or if I would have to wait until I'm showing income on a tax return?

I'm just inquiring to see what would be possible if I decided to do real estate full time in the future. 

[Robin Simon]

Quote from @Hunter Purnell:

I'm curious if the BRRRR method is possible without a W2 income? I plan on flipping properties but is there any kind of DSCR cash out refinance? I won't have income from flips for a year on my taxes so I'm wondering if in the in-between phase if I would be able to do a cash-out? Or if I would have to wait until I'm showing income on a tax return?

I'm just inquiring to see what would be possible if I decided to do real estate full time in the future. 

Yes absolutely, DSCR Loans are really good for cash-out refinances under BRRRR, especially in light of the recent conventional lending update that extended the seasoning period to a full 12-months for a cash-out with an agency mortgage. A lot of DSCR Lenders are currently can do a cash-out at 6 months, but some even as little as 3 (and no DSCR lender will require W2)

PS - check out this recent BP article: 

12 Frequently Asked Questions (And Answers) About DSCR Loans

https://www.biggerpockets.com/...