Updated about 1 hour ago on . Most recent reply
Low income on taxes and trouble cash out refinancing 1 of my 3 rentals
I have a few rentals but lower taxable income, what are the best options or lenders to consider for a cash-out refinance to pay my private lender back? — should I be looking at local banks/credit unions, portfolio lenders, or DSCR loan programs? I'm trying to pay off my hard money lender with a cash-out refinance on one of the 3 properties, but I've been denied by three local credit unions and a bank because my self-employment taxes show low income as i also run a lawn and landscape company as my full time job and it has personal debt from the trucks. All 3 of the rentals can support the refi, its just getting aquiring the refi has been a speedbump for me.