All Forum Posts by: Jack Sarcia

I will be closing on the sale of my 3 family next month for 450k and I will be netting about 100K before capitol gains tax.

My problem/question is that my first year of self employed income does not qualify me for loan (from a bank) to go out and buy a property of equal or greater value than the 450K.

I am using a direct mail campaign to find motivated sellers of multi's in my area and I am in search of sellers who will carry back.

Not finding a seller who will carry and not using a private lender leaves me buying a property cash and paying capitol gains tax.

Any suggestions or questions would be helpful. Thank you BP community.