Self employed with a good accountant, sound familiar. Either way I have never financed a home even though I have owned/built a few. So now that I am out to purchase a home I obviously do not qualify for any full doc loans because of net income. Seems that I have yet to find a creative finance person willing to look for sub prime or private money. Only program that was even mentioned to me was a stated income 30% down 700 FICO loan. which to me honestly doesn't sound appealing. Even though I could do 30% down, I don't wanna clean out my accounts just because I have been successfully self employed for 15 plus years? ERRRRR!!!! So frustrating. Any suggestions or tips??? And God no I do not wanna file income tax amendments just to fool the bank, Can honest people find finance in the world today?? Thanks in advance
Owner financing 10 per cent down, pay full retail, get good rate
Find a good negotiator buyers agent to help you with the terms and offer to pay his commission
Usually the best owner financing deals are people that want to sell a property it's free and clear of loans and they want to look at owner financing installment sales.
I have been looking for hose "Unicorns" for a few years now. It seems like here in the L.A. area it is increasingly impossible to find these deals as brokers and realtors all hoard them.
Also not that I am opposed to owner financing, but if I were lucky enough to find one, you also are limited to that area, that deal. I am looking for a primary residence aka place to raise the family and die... lol
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