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Updated almost 7 years ago on . Most recent reply
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Using cash flow from seller financed property for getting loans?
Bought a property using seller financing.
It's cash flowing $100 a month.
Can I or can I not use the income from this property to qualify for a bank loan?
My thinking is that because the purchase of a ownr fin. property doesn't show up on my credit, banks won't look at it as legitimate income.