Updated about 13 years ago on . Most recent reply
cash-out investment property financing
Hi I've got a 3-family I purchased for cash 9 months ago for 305k in the Boston area. I put about 80k into the rehab. I'm now trying to finance the property to take as much cash as possible out, but my mortgage broker is telling me that because I don't have a regular job I won't be able to get the mortgage. I would have thought that since this would be a commercial investment mortgage (I don't live there) my income would not be relevant.
To wit: where can I find a market-rate investment mortgage in which my personal income does not matter?