Vendor Finance

[Big Tone]

I have some one close to me that has about 15k saved up and is entitled to the FHOG (14k), is self employed and has not done a tax return since 2003, although is currently sorting out this mess regarding his financials, and all this was due to some ill health issues (eg Crohns disease) he is about to submit to the accountant 03/04 return and is working on getting up to date with the rest. In saying that no lender really wants to know about him until he is up to date so, I was wondering about vendor finance, either through me or somebody else may help out this difficult position. I am looking at getting some advice on this matter from anyone who can shed some light on the viability of this option.

Thank you

Big T

 

[Twitch]

Vendor finance is 1) expensive 2) not available on many properties.

I'd say just get the all tax returns submitted and then go the normal finance route, there's no rush is there?