:huh Question: How do you purchase a home to live in, in Las Vegas, without using your own credit?
I know a couple trying to do this, who has never been late on a monthly mortgage or rent in the l[b][/b]ast 17 years; but have suffered some other credit problems.
You buy a house without using your credit in Vegas exactly the same as in any other city…that is, subject to the existing financing. I’m not aware of any special rules for buying a house subject-to in Vegas.
There are many factors that go into the answer to your question. For example, will they be putting down any cash? How motivated are the sellers they will be buying from? Etc. . .
Without using their own credit I only know of 2 ways to buy it: all cash or sub-to/owner financing.
Private financing is another way…
Keith
This is true…forgot all about it… :cool
Private money, hard money if available, lease option, subject 2 or wholesale to invest with no money no credit.