Refinance Options for Guy in a Jam

[Charles M.]

I've gotten myself into quite a situation since March. After closing my personal training studio I have been looking for alternative ways to invest and have loved reading through this community over the past few months. I have 3 properties currently. One that is fully rehabbed with a great tenant and has a private loan on it with a cost basis of 10K. The second property is also a home run with great upside and has already been fixed and I picked it up off auction. Unfortunately this property has a tenant who I am having to wait until July 1st until they're out of the property. The last one is at the start of the phase and should be closing in around 10 days. I have the cash to close and rehab, but I'd like to be able to get my 2nd rental (the one with the bad tenant) refinanced once I make some of the changes necessary to the property and get a solid tenant in there. Obviously once I have the new tenant and fixed property, I want to be able to get the cash back out of the home to put into the next deal. So what are my options?

- I dont want to wait 6 months for Freddie mac

- 635 credit score (only just started using credit this month)

- no mortgage history on prior 2 homes that I have owned

- no job and no income for past 2 years (i reinvested everything back into my personal training studio which I decided to let go after covid)

- have access to some private capital

Sorry for the formatting - on mobile.