Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 14 years ago on . Most recent reply

User Stats

149
Posts
57
Votes
Steve Smithy
  • Boston, MA
57
Votes |
149
Posts

How can I buy?

Steve Smithy
  • Boston, MA
Posted

I am trying to buy a 2nd home, but the banks won't lend to me. I can clearly afford the building, have a great score, have enough to put down, etc. The problem is that I switched from being an employee to being self-employed last year, and banks don't want to lend to me because of that (since they can't sell the mortgage). I found the perfect property, and I'm afraid that in 2 years when I have enough history the deal will be gone. I tried 2 separate banks that told me they would hold the paper, but neither wanted to lend and said it was the self-employment history that was the issue.

Any ideas on how I could find financing for this?

Loading replies...