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Updated over 9 years ago,
How does Seller financed land contract affect debt to income?
Hi out there!
I'm looking at putting a piece of land under contract using seller financing. Does anyone know how or whether such a contract appears on your credit?
If so, is it as a lien against the property under contract? Will it show up as debt and affect my DTI ratio?
What if I purchase it through an LLC? Does the debt my business owes show up on my personal credit history? I know this is s a newbie question! Thanks for your help in advance!