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Creative Real Estate Financing

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Michael Coulthard
  • Neillsville, WI
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Where does one find a Short term Investor?

Michael Coulthard
  • Neillsville, WI
Posted Jun 29 2015, 13:58

Im self employed for 3 years and doing very well. This January I bought an established profitable business for my wife and daughter to run. Me and my wife are now looking to get into a nicer home, we found what we wanted and got an accepted offer of 106k. Problem is when banks look at my tax returns they say my last two years I only averaged 1700 a month after huge deductions. When in fact I average 4500 a month if not more. 51k 2013 and 64k 2014, they won't cunt wifes business because she only operated for 6 months even tho this business has been established for 20 years. So I am looking for someone to purchase the home with a repurchase agreement on my half for agreed amount within 1-2 years (going to just claim less on taxes). Where would one go about finding a short term lender under these circumstances. If anyone has done anything similar please feel free to share tips and advice.

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