Buying multifamily home with Poot credit and no proof of income?

[Hector Salas]

Me and my wife are looking to buy our first investment property, before our lease is due in four months where we currently rent. We have a down payment ready to go. However our credit is poor, and I have been working under the table for quite some time, therefore have no proof of income. We’ve spoken to a few real-estate agents and lenders, and all say it won’t be possible. Is there anyway it can be done?

[Steve K.]

@Hector Salas Rene had good advice to find a seller-financed property. Another option would be to find a partner/ partners that can qualify for financing, or work on your credit and adjust your taxable income by starting a business and paying yourself from it rather than working under the table/ tax free.