Refinancing worries due to no income

7 Replies

Going to be hard with no income, or if you cant use your rental income to count. DTI #s are going to be off.

Best way is probably private money, or LC them out.

Good luck

Originally posted by @DJ M. :

Going to be hard with no income, or if you cant use your rental income to count. DTI #s are going to be off.

Best way is probably private money, or LC them out.

Good luck

What do you mean "LC them out".

Originally posted by @DJ M. :

@Edward L.  Land Contract. May be known as a Contract For Deed in your market. 

I think I may just go the commercial property route since I hear that it's less personal income based and more property income based.

@Edward L.

There are portfolio / commercial loans that are based on the cash flow of the property. There are minimum loan amounts on these products of $75k - $100k

Originally posted by @Jerry Padilla :

@Edward L.

There are portfolio / commercial loans that are based on the cash flow of the property. There are minimum loan amounts on these products of $75k - $100k

Thanks. That's within the range I'm looking at.