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21
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3
Votes
Stanley J Okazaki
  • Real Estate Agent
  • Gardena, CA
3
Votes |
21
Posts

Using cash flow from seller financed property for getting loans?

Stanley J Okazaki
  • Real Estate Agent
  • Gardena, CA
Posted

Bought a property using seller financing.

It's cash flowing $100 a month.

Can I or can I not use the income from this property to qualify for a bank loan?

My thinking is that because the purchase of a ownr fin. property doesn't show up on my credit, banks won't look at it as legitimate income.

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