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Updated about 5 years ago,

User Stats

20
Posts
5
Votes
Johnathon Kim
5
Votes |
20
Posts

Seller financing question

Johnathon Kim
Posted

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?

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