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Private Lending & Conventional Mortgage Advice
Account Closed
  • Wholesaler
  • Chicago, IL
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Pulling money from paid off prop, but bad credit/self-employed

Account Closed
  • Wholesaler
  • Chicago, IL
Posted Sep 25 2016, 23:04

I found a foreclosure to fix and flip. I own 3 properties free and clear, approximately 3x the value of this fixer. 

I'm in the process of repairing my credit after a bout of identity theft. I am self-employed and take out large deductions, so using returns for income verification is a problem.

Do I have any options to pull out equity from these properties, or do I have to turn to hard money to fund this flip?

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