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Updated almost 17 years ago,
I want to know your opinions on getting funded
Here's the deal...
I want to buy real estate as out of state investments. I live in California and unless it's do Colorado I don't plan on moving :)
I've found a few small properties and even some medium sized properties that cashflow enough for me to consider a purchase.
Well we were Realtors for a while last year and didn't make much at all, we were busy trying to sell our own investment home to move on to this.
Well the home did sell, so on our loan paperwork we can put a substantial amount of money that we made last year.
The problem is of the regular 'job' we don't list. Our only income is the sale of that previous house, and thats also what we've lived off of.
How finance-able am I??
I mean, any ideas? Any lenders come to mind that would work with such situation. I would really like a non-recourse loan if i can.
I have a new truck and trailer ( about 800 in car payments between the two) and NO other bills other than regular living expenses. I and my wife have very good credit and a paid off home.
I know it sounds like this: :violin: LOL but i need some reassurance/help if you please. Thank you.
- Jason