Seller financing question

[Johnathon Kim]

Hey everyone,

I'm looking to purchase my first rental property by the end of this year, but I don't qualify for traditional lending (I have a 750 credit score, but my last 2 years of tax returns look terrible). 

I'm thinking my best bet is finding a seller-financed deal since the due diligence process isn't as strict as the bank's.

My question is: Do seller financers usually ask to see tax returns as well?

And if they do, are there any other strategies I can use to finance my first deal?

[Rick Taldykin]

@Johnathon Kim Have you considered other forms of finance? With a 750 FICO, you'd be sitting in the top tier programs of most asset-based / stated income lenders. 

You can get you the loan you want, WITHOUT the need to verify your tax returns, bank statements, or income. Provided the property is in a liquid and desirable market, all you'd need is to have is enough for a down payment, usually 25%. 

Your FICO is already there, so all you'd have to worry about is the down payment.