Buying Real Estate if You Are Self Employed - How To Buy Property if You Are..

[gvydge...@yahoo.com]

Buying real estate if you are self employed is not as difficult as you
might think. Even though lenders would prefer to have borrowers with
traditional jobs, they are not going to turn away someone who is self
employed and wants to purchase a home.
I have purchased many homes over the years with only a 5 or 10% down
payment. These homes have been in some of the best areas of the cities
I purchase in. Some were brand new construction and others were resale
homes. Throughout this process, over the past twenty years, I have
always been self employed when I bought the property. Here are some
things to remember if you are going to but real estate while you are
self employed.


A larger down payment will usually get you a lower interest rate and
better terms. I do not like to put down more than 10%, but if you are
willing to put a down payment of 25 to 30% you can just about get the
best loan available at the time. A larger down payment means less risk
for the lender and shows that you are willing to put some skin in the
game....

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