Posted by James (FL) on August 13, 2003 at 15:37:44:
Josh,
it may be possible to get a 90% NINA (no income, no assets) or no doc loan. What state are you in? Are they both single family homes? Please email me directly for further details and i will try to help you locate a lender in your state.
I’m a young real estate investor who’s still a ‘student’ with no provable income/employment. However, I do have a few properties that I bought. One I bought 3 months ago, and the other was early last year. They were financed on hard money – and now after being fixed up, I’d like to refinance them on 90% cash-out. Is there a program out there for me that I can qualify for, considering I have no income/employment. The houses are currently rented out to Section 8 Tenants.
Also… forgot to mention. The plus side have with me is the credit score, which is around a 750 (however, only with revolving credit cards… no cars, mortgages, installment loans of any kind).