Looking for a Seller Financed Investment Property in Worcester MA

[Levi Fancher]

I am 23 and I am trying to make a move on my first property to live in! Aiming for a Worcester MA, seller financed, owner occupied multi family. If anyone has any advice, I am all ears!

[Jonathan Bombaci]

@Levi Fancher seller financing in Worcester is going to be tough without anything to use for collateral. Most of the time the seller financing we see still want 10-20% of the downpayment. 

That being said you could probably find a 4 family to owner occupy using a FHA Loan. You won't need much income to qualify since the rents from the other 3 units will help with the loan but you will need a credit score above 640 to qualify.

Let me know if you have any questions. We help quite a few househackers  all over MA and know the Worcester area well. 

We also host 3 monthly meetups (Lowell, Woburn, and Salem MA) but they're obviously on hold for the time being so we have moved the meetups online and are doing them monthly. Here is a link to our next meetup if you PM you phone number and e-mail I can make sure you get invited to them going forward if that is something you'd be interested in. 

https://www.biggerpockets.com/forums/521/topics/824374-pints-and-properties-virtual-meetup

Best,
Jon