BRRRR live in flip hurdle in Connecticut.

[Andres Bernal]

Hi guys, 

Recently a bought a property on a discount in Orange Connecticut (new haven county). I bought if for 230k with a 10% downpayment and after a 30k rehab (cosmetic rehab, add a bathroom and add 122 sq footage) Im ready to refinance, the apraisal will come around 300k or more. The issue is no bank wants to refinance because I resign from my job in may and have been self employed for the last 3 months and they want to have at least 2 years of tax returns as a self employed (even if Im making more money now). Currently Im living on this property with my girlfriend. 

My goal is to pull some cash out or open a Heloc. Ive try with a few banks and the thing I hear, its no. 

Any suggestions or contacts please let me know.

Thank you in advance.

[Michael Ablan]

@Andres Bernal - Not a good move man....There are  some banks out there who will give you loans on stated income or trailing 12 month bank statements.  You're going to need to look into something like that, or partner with someone who still has a job.  Never leave your 2 year job when you plan on requesting a banks help anytime in the foreseeable future.