Seller Financing Question

[Joseph Sangimino]

I have a general question about a seller financed deal I'm trying to put together... I've never done one before. In theory if my business is still within the first two years of operation, would a seller financed note be taken into consideration by banks for my debt to income ratio? For instance, if I had a seller financed property in my LLC for 500k, and WOULD be eligible for a 500k conventional loan WITHOUT taking the seller financed note into consideration, would I still be able to get bank financing for a personal loan? Remember that my business is still less than two years old and the income from my rentals is not yet considered income by the bank.