Buying Without Using Your Credit
Hi again, I have seen these info mercials, and even heard folks on this board talk about buying properties without using your credit. How do you do this? We are not at all wealthy. We just need to buy a house for our family. How can a newbie make an extra income with this business knowing nothing? I am feeling a bit trapped by our financial situation. Thanks for any advice, BlessedMomOf3 [addsig]
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It's called "owner financing" and it means the owner is willing to take a chance on you and give you either a lease option or a mortgage where he carries the paper.
Pick up a book or two at the library or book store on owner financing. You'll need to know the basics so you can structure your own deal. Read the books, then ask more detailed questions on this site. Owner financing CAN be done, you need to find the right seller. Don't bother asking your friends, mine always told me what I couldn't do.
Creative financing is NOTHING new! Follow the advice given and stay focused.
Good Luck!
[addsig]
I have bought houses without giving my SSN, signing an application or anyone even asking me about credit. It can be done!