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Updated about 9 years ago on . Most recent reply

User Stats

21
Posts
5
Votes
Jimmy Mills
  • Landlord and Investor
  • Houston, TX
5
Votes |
21
Posts

"In-House" loan still possible??

Jimmy Mills
  • Landlord and Investor
  • Houston, TX
Posted
My first deal, way back when, was an in house loan with a small town bank. They gave me 70k with no money down but a 10k lien on my home. (Not saying that's a good idea) I'm curious if any banks still do that with approval of high income and assets. It never went on my credit and I paid it off promptly. The loan was to my LLC. They basically did everything you read about in the REI books but can never seem to find.

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