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Updated about 10 years ago on . Most recent reply

User Stats

180
Posts
66
Votes
Garrett M.
  • Rental Property Investor
  • Philadelphia, PA
66
Votes |
180
Posts

How does Seller financed land contract affect debt to income?

Garrett M.
  • Rental Property Investor
  • Philadelphia, PA
Posted
Hi out there! I'm looking at putting a piece of land under contract using seller financing. Does anyone know how or whether such a contract appears on your credit? If so, is it as a lien against the property under contract? Will it show up as debt and affect my DTI ratio? What if I purchase it through an LLC? Does the debt my business owes show up on my personal credit history? I know this is s a newbie question! Thanks for your help in advance!
  • Garrett M.
  • Loading replies...