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Phil Sotelo's profile image
Phil Sotelo's profile image
Phil Sotelo
  • Investor
  • from San Diego, CA
  • Member since Jan 14, 2010
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Phil Sotelo's profile image
Phil Sotelo's profile image
Phil Sotelo
  • Investor
  • from San Diego, CA
  • Member since Jan 14, 2010
Connect
Phil Sotelo
  • Investor
  • San Diego, CA
2
Votes |
13
Posts
Buying & Selling Real Estate

Stated Income Loans

Phil Sotelo
  • Investor
  • San Diego, CA
Posted Aug 2 2014, 08:48

Are there any stated income loans out there? I have a client that wants to buy a new home, he owns a business and several residential properties (free and clear). He does have a lot of write offs, so his income at the end of the year is low. He has about 45% down on a $350,000 purchase. I've looked for Owner Financed properties but haven't found a seller that would participate. I'm in California. Any suggestions?

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