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Updated over 5 years ago on . Most recent reply

User Stats

13
Posts
6
Votes
Robbie McCarthy
  • Flipper/Rehabber
  • Ardmore, pa
6
Votes |
13
Posts

Refinancing with no W2.

Robbie McCarthy
  • Flipper/Rehabber
  • Ardmore, pa
Posted

I have a substantial cash sum in a money market account from a company sale. Against this I have a large LOC to use to purchase high ConC rentals and high potential flips.

I have no W2 income. I get income from a consulting business and my orphan property biz.

Here’s my issue. I’m getting stonewalled when seeking refinancing due to no W2 income. Crazy as I have enough accessible $ to pay off a mortgage or pay monthly payments for decades without ever

Working again.

Anyone run into similar issues getting refinancing? Any recommendations for lenders for guys with

Non-W2 income sources?

Thanks

Robbie

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