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I've bought 3 houses, 1 condo, and 26 acres land over the years just by putting 20-30% down and working with private lenders. They charge stupid high interest 10-16% but thats the only way youre going to do a no-doc loan. Matter of fact I've got a guy who will finance you any property with 30% down. But usually 20% down is the minimum
Forget about that 5% down freddie mac fannie mae 100 pages of bank statements just so they can say no to you. Your fico 700+ don't matter either if you dont have a "real" employer and do that 1040ez bullshite. Good luck man, just save your money start small and forget about traditional financing. In the 90s I made the mistake of printing all my iBill statements and treating my work like any other type of work. Dont think the underwriter is not going to look up who is wiring you money every week or two. "Hmmm what is ____ and why are they in czech, amsterdam, or wherever?" Why so many intl wire xfers lol. Do you really want to play these games with people whose job is to vet peoples source of income. Just save your money buy a cheap crib, rent it out, and upgrade when you can
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