Finding Owner Financing in New Jersey

[Dana N.]

Hello BP Members,

I am currently at a stand still in my RE Investing. My husband and I have one buy and hold out-of-state. We purchase it all cash and now would like to finance our next investment. I tried to obtain a traditional loan, but since I always paid cash for the past 15 years, my credit report has no activity. So, last year, I opened a secured credit card with a large amount, but still was told I need to obtain more credit. Now that I have tried to apply for credit (for myself and for my business) and allowed mortgage companies to view my credit report, these inquiries are bring down my good credit score. I have to come to terms with needing to obtain credit, because I don't like to owe. I lived by the motto "have cash buy, no cash don't buy." Now that we are trying to build our REI business, that motto isn't working well. I have to come to terms with the motto of "Good Debit."

I would like to look into owner financing options in the state of NJ.  Can someone guide me on how to find owner financing options? 

Thank you in advance.

Dana