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I was rejected for one a couple of months ago even though I could have paid it in cash a few times over.

They really don't like start-ups that don't have super regular income flows, and really don't look at much else if that condition isn't met. I assume a few people on here are in that bucket.

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Pay cash, ‘season’ the property for 6-12 months with renters and THEN finance.

It is typically easier to get financing on property you already own vs. new purchase.

For those who need the magic incantations, this is a cash out refinance (where you’re stripping cash out of the property with your equity). If you’re not taking cash out, it’s just a “rate and term” refi (which are usually very easy to have done, depending on your financial and credit situation).

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