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Updated over 5 years ago on . Most recent reply

Lee Burns's profile image
Lee Burns's profile image
Lee Burns
  • Investor
  • from Chicago, IL
  • Member since May 20, 2018
Connect

User Stats

195
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92
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Lee Burns's profile image
Lee Burns's profile image
Lee Burns
  • Investor
  • from Chicago, IL
  • Member since May 20, 2018
Connect
Lee Burns
  • Investor
  • Chicago, IL
92
Votes |
195
Posts
Innovative Strategies

Seller down payment assistance

Lee Burns
  • Investor
  • Chicago, IL
Posted

I've found some properties in my [pricey] Bronx farm area and want to acquire my first investment. I have the option to use a VA home loan, but my credit took a dip and is still recovering. If I offer a down payment with the loan request I imagine my chances for approval will be much better. Does it make sense to ask the seller for down payment assistance and offer some sort of incentive?

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