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Updated almost 10 years ago on . Most recent reply

User Stats

15
Posts
2
Votes
Bryan Hylenski
  • Longmont, CO
2
Votes |
15
Posts

Have money, cash flow and collateral, but no lender!

Bryan Hylenski
  • Longmont, CO
Posted

Hello,

I am moving home from overseas I have 100k to put a down place on a house. There are homes available in my area in the 200-300 range, that  want to buy.  I also own four homes that net me about $1200 a month in cashflow, in that same area.  But, the catch is I am moving home with my own business.  I have very little monthly income at the moment, because I'm not at home. But, my wife and I have never missed a payment on any of our 5 properties in more then 15 years, our tenants are happy and every place has been vacancy free for nearly three years. My business has income coming in, and I even  have a contract from my manufacturer guaranteeing me a  50,000$ a year salary, as a base price. This is my minimum salary he has guaranteed me, but i can't seem to get a lender to work with me.  My credit score is nearly 800.  Any help would be greatly appreciated. I'm moving back to longmont, Colorado.

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