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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 5 years ago on . Most recent reply

User Stats

23
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7
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Eric McAvoy
  • Investor
  • Greenville, SC
7
Votes |
23
Posts

Rental Property Loans

Eric McAvoy
  • Investor
  • Greenville, SC
Posted

Hey BP Team!

I’ve recently switched to a full time sales job that’s commission only. I know that without 2 years of I come history it’ll be near impossible to qualify for rental property mortgages.

Do any of you have any creative ways to get a mortgage on a completed BRRRR deal? I know I can get the downpayment and the hard money and also finance the rehab part. But once I've got a tenant in there I'm not 100% sure on how I'll refinance.

Any tips or advice would be awesome as far as what type of banks to contact or if there are companies out there that loan based on the rents and the property but not my Income.

Thanks!

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