Question:
“I can’t get a bank loan because of some bad credit and I’ve been reinvesting most of my profit into my business, so my tax returns don’t show much income. Can you find a home for me where I can make payments to the owner? I think that’s called owner carry…”
Answer:
Right now, finding a seller who’ll “carry the loan” or act as the bank will be tough.
No matter the market, few sellers want to carry. And many sellers who do carry the loan do so out of necessity because they’re having trouble selling. With today’s hot market, that’s certainly not the case now.
