BRRRR loan approval

[Nicholas Anderson]

If you choose to go the brrrr route . How do you get financing to recoup your money if you don’t have a form of income but have paid for the property and rehab through your own funds you have accumulated . Would I still be able to qualify or do I need To be receiving some form of income .

[Dan Gamache]

@Nicholas Anderson there are loans that will allow you to cash-out refinance based on the cashflow of the property (along with other factors; credit score, assets, LTV) and not income. Slightly higher rates/fees than traditional banks.