17 Topic Entrepreneurship: How I purchased my vacation home using a business bank statement loan because I did not qualify for a traditional mortgage loan

No More Excuses. Wake Up!

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3y ago 20:54

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On this episode of No More Excuses Wake Up! How I purchased my vacation home using my business bank statements.

I always wanted a vacation home in Florida. Five years I had this plan to purchase a home every time I tried doors were closed. Doors continued to close all the way to closing on the first home that we lost. We almost were not able to purchase this home because it appeared as if we had no income to purchase a second home because I was processing our taxes for years and was processing them incorrectly, so it appeared as we were not making any money. I was introduced to Business Bank Statement Loans and a broker that proved there is another way to purchase a home for Business Owners and Entrepreneurs.

From this episode you will learn:

· The definition of a business bank statement loan and who qualifies for one.

· Why I did not qualify for a traditional home loan.

· Exactly what I did to purchase the vacation home using a business bank statement loan.

· What you need to qualify.

· Why we had to put down 20% on our vacation home as well as having reserves.

MY PERSONAL FINANCIAL MANTRA

BUDGET

PAY DEBT

SAVE

INVEST

AND LIVE

· You can download my free budgeting spreadsheet at www.stenellthemoneytherapist.com while you are there watch my video as I portray Muhammad Ali showing you how I kick down closed doors.

· Book a 3-month 1-1 personal or business coaching call with me: https://stenellthemoneytherapist.as.me/consultation

· Learn more about me and my agencies: https://stenellmyersenterprises.com/

If you would like to be on No More Excuses. Wake Up! Podcast, please email me at contact@stenellthemoneytherapist.com

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MONEY ENTREPRENEURSHIP AND LIFE SKILLS

THAT WAS NOT TAUGHT!

NO MORE EXCUSES! WAKE UP

60 episodes

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