If you have below average credit, have been self employed all your life(only tax returns to show income),?

Question

Have 40K as down payment. How do you buy a $250K house/land? Can afford about $800 per mo./payments

Answer 1

Buying and borrowing when self employed is not problem. But paying $800 a month on a $210,000 loan is a problem. With taxes and insurance you might need to set your sights a bit lower if you can only pay $800 a month, like a loan amount around $90,000.

Answer 2

Depending on where you are I might have a property for you. Visit www.platinumreic.com I don't go off credit in fact I'll never pull it. If not go through your local paper and look for lease/options and land contract for sale by owners.

Answer 3

do no longer attempt to end it, in case you do no longer be attentive to what you're doing. telephone them, and that they'll would desire to the two complete it for you, or communicate you thru it. i'm presently embroiled in a conflict with HMRC over a tax undertaking which i did no longer document. do no longer depart - something - to danger, they're like a dogs with a bone.

Answer 4

lenders will look at the last line for the schedule C.
if you put 20% down...they dont verify income with a good credit score.

Answer 5

just go to the banks and get set up for a pre-approval. They'll tell you how much you can get.