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dellp38

Credit

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Hi All,

 

I have bad credit but I make 80k per year. I was just wondering what are some alternative ways to buy a house. The banks will not touch me. I hear about lease options but where can I find them?

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Hi, dellp38, and welcome to The Naked Investor!

Some alternative ways to purchase a property? Speaking in general terms, two possibilites come to mind right away:

1) Seller financing, or

2) Conventional financing with a No Doc type loan

 

A lease purchase deal is also a "real world" way around needing copious amounts of cash and excellent credit. There are many ways to locate that motivated seller who is willing to do business with you. It comes down to you calling on FSBO's and FRBO's, (don't overlook those For Rent by Owner ads!), or you marketing the heck out of yourself so your name and number are out and around the communities you want to work.

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