seller approached my partner wanting to sell an outdated car repair shop. we negotiated the deal from $170,000 to $120,000 being as we needed to put in some serious remodeling.

I use a broker, she shops for me.

people get great joy talking doom and gloom and Armageddon.I’ve been in the RE biz since 1978 and been thru several economic and market cycles.Stagflation in the 70s, 17% home loan rates in the early 1980s, the failure of 1/3 of American Savings and Loans in the early 1990s, the dot com boom the dot com bust, the subprime crisis in 2008, Covid………I’m probably forgetting a few.

Before I knew that I had been shopping around for one without much success.

Shop Around: Compare rates from other commercial banks, credit unions, or online lenders to find competitive offers.5.

Maybe I need to shop around?  

Love talking shop anytime! 

The good news is that Fannie Mae and Freddie Mac recently relaxed underwriting guidelines to allow for it.i recommend checking out Freddie Mac's Home Possible and Fannie Mae's HomeReady program.Outside of that, working with a mortgage broker can also help you shop around for lenders that allow for boarder income.Good luck!

Shop around.

Make sure to shop your next one to the folks in this thread.