No. of Recommendations: 4
Not traditionally, no, but her determination is the biggest factor in whether she will ultimately be successful.

Ahhh, interesting. And my repeated recommendation was to go for seller financing, which for one excuse or another she doesn't want to try. Over and over again I've encouraged her to think "outside the box" and avoid traditional financing. But apparently that is only OK if you suggest it.

I'm really happy you are looking to take her under your wing. I wish you both the utmost success. That area could certainly use those willing to take a large risk. That is the main reason why a seller of one of these uber low cost high work properties might take a chance on her no work history, no income. They are desperate to unload their property on someone else, and because they have bought it for much less than they are selling it for, have a potential to turn a profit even with a high risk buyer.

Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.