BRRRR CASH OUT REFINANCING CRITICAL STEPS
HELLO EVERYBODY IM AT A STAND STILL HOPING SOMEBODY CAN GIVE ME SOME ADVICE ,CANT SEEM TO FIND THE RIGHT ANSWERS ANYWHERE.IM A BEGINNER AT REALESTATE INVESTING AND PLAN TO MOVE FORWARD SOON WITH PURCHASING PROPERTIES WITH BUSINESS CREDIT CARDS MEANING IM TAKING MONEY OFF A BUSINESS CREDIT CARD TO BUY AND REHAB A PROPERTY OR USE HARD MONEY TO BUY AND REHAB THE PROPERTY AND USE MY BUSINESS CREDIT/MONEY FOR THE CLOSING AND RESERVES. AFTER THE PROPERTY IS PURCHASED REHABBED RENTED AND READY TO CASH OUT AND REFINANCE WHAT DO BANKS NEED /LOOK FOR, I UNDERSTAND I NEED GOOD CREDIT WHICH IS THE NOT THE ISSUE THE ISSUE IS BEING THAT IM NOT USING MY PERSONAL MONEY AND IM USING MONEY OFF BUSINESS CREDIT WILL THERE BE A ISSUE WITH THE BANK ALLOWING ME TO USE THIS MONEY CAN I STILL QUALIFY FOR A REFINCE BEING THAT MY MONEY FOR CLOSING COST AND RESERVES ARE COMING FROM BUSINESS CREDIT ***ALSO DO BANKS LOOK AT YOUR DTI ?