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Joshua Ward
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Finding financing as an “under the table” employee

Joshua Ward
Posted

Hi bigger pockets! I am new to REI and wondering what options I have to receive financing as an "under the table" employee of the cannabis industry on the west coast? Working for cash is very common in this industry and I haven't been in the books for a couple of years. Thank you for taking the time to read!

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David Da Silva
  • Real Estate Agent
  • Jersey City, NJ
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David Da Silva
  • Real Estate Agent
  • Jersey City, NJ
Replied

Conventional = definitely no. 

If you found a great deal then I would suggest looking into a no doc loan, but keep in mind you'll pay a significantly higher interest rate and probably a couple points on top.

Best of luck

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