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Updated over 10 years ago on . Most recent reply

User Stats

30
Posts
15
Votes
Luis Rosario
  • Philadelphia, PA
15
Votes |
30
Posts

Some advice concering Seller's assist for a client

Luis Rosario
  • Philadelphia, PA
Posted

Hello my Bigger Pockets friends,

I wanted to pick your brain concerning a buyer client I am working with who has a particular situation.This client is very interested in buying her first home. She takes care of several children and receives a good weekly paycheck. However, it is payed in cash by her own clients, so she doesn't have ample documentation to qualify for a bank loan.

I've been thinking of helping her with a seller's assist and wanted to see if there are some good ways of going about this. There are many homes in my market that sell for 20-30k, plus my client has a 12k down payment already saved.

Thanks in advance.

-Luis

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