All Forum Posts by: Sho Firecomm

Hello Everyone!

A good friend of mine is willing to sell his home to me for 260K.

The challenge is I am self employed with 1099's and most banks I know are kind of iffy about 1099 people.

I am wondering if there is any alternative to getting a 30 year mortage?

Any companies or investors that are willing to provide 30 year mortgages?

Thanks for all your help!

-Joe

Hello!

Looking to purchase Seller finance home in Chandler,Gilbert,Tempe Area of Phoenix.

This is for my primary residence, plus plans to house hack it.

Most of the deals I find require 20% down, would love to find a deal with a minimum down payment.

Most real estate agents I spoke with are all talking closed doors and won't entertain it.

Thank you for all your replies!!!! Really appreciate the feedback. YOU GUYS ARE AWESOME!!  

Would you suggest for my first purchase to do a BRRRR?

Is it a good idea to purchase a 230k property with a Hard Money Lender? This is my first home purchase in which I already have a tenant (family member) set up.

The house doesn't need any work, but I am really wanting to throw myself in the process of buying a home and go through the live and flip process.

Because I live by 1099's it will take too long to get a traditional mortgage, so I was thinking about approaching a Hard Money lender.

This is all in Phoenix Arizona.

Your thoughts are appreciated!

Joe