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Updated almost 14 years ago on . Most recent reply

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Shawn Mcmullen
  • Stone Mountain, GA
0
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7
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Need private lending because self employed

Shawn Mcmullen
  • Stone Mountain, GA
Posted

My wife and I are currently looking for a private lender or a owner financed home in Dekalb County in Georgia.

Here's the problem we can qualify for FHA, but our tax person screwed up our 2010 income tax. Needless to say we had to fire her and look for a new CPA. We found a great CPA but she said if we amend our taxes we will owe $22,900 in taxes. Most underwriters don't like to see an amendment on your taxes.

We have found a home and we want to know if there are any private lenders or any owner financing in Ellenwood, Ga. We need a bigger house, but I don't want uncle Sam on our back.

We own 2 profitable hair salons, and most lenders hate self employed borrowers:(

Most Popular Reply

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17,995
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17,198
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J Scott
  • Investor
  • Sarasota, FL
17,198
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17,995
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Jon pretty much hit on it, but just to call it out directly -- you're telling us that you're cheating the IRS out of $23K, but you expect a private investor to loan you money and trust you'll repay it?

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