Creative ways to get around 2 years proof of income for lending requirement.

[Jaden Fein]

Hey everyone!

I started my business 7 months ago and I'm looking to get into the rental game. However, I have come to find out that most lenders would like at least 2 years of tax returns to get approval for a loan. 

Maybe owner financing or an all cash purchase? Are there any ways around this?

Thank you!

[Account Closed]

Quote from @Jaden Fein:

Hey everyone!

I started my business 7 months ago and I'm looking to get into the rental game. However, I have come to find out that most lenders would like at least 2 years of tax returns to get approval for a loan. 

Maybe owner financing or an all cash purchase? Are there any ways around this?

Thank you!

Sure, that's exactly what we train people on, "Buying outside of traditional financing". It can be Subject To, Wrap, Seller Financing, Lease Option, Land Contract. As long as you have a reasonable amount of money to work with, you can buy a house. 

https://www.biggerpockets.com/forums/311/topics/1141313-subj...