How can a person buy a house without verible income gets paid cash?

  • March 25 2014 - US
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Answers (5)

Yeah, wetdawgs . . .

You can buy a house with cash, and you can get financing - it just won't be insured by government-sponsored entities. It can be a little more challenging living "off the grid," especially when it comes to commerce, but you don't want to go the bank / mortgage broker route anyway, do you?

Look for private financing companies. We like to call them "hard money" lenders, but they're just people who are taking market-based risks, after all.

All the best,
  • March 25 2014
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Profile picture for sunnyview
Cash paying jobs can be tough to deal with when it comes to applying for a mortgage. Your choice often comes down to being able to document your income or save enough to pay cash for a house. A good lender may be able to make suggestions about how to get on the books moving forward and how document your income for a year or two before you apply for a mortgage. 

Some people choose to pay taxes on previous years and file amended back returns with the IRS, but that really depends on your situation and income.

Many people do work under the table, but mortgage lenders want to see proof of income so that often means putting the paper trail together that they want to see before you buy or finding another way to buy.
  • March 25 2014
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Profile picture for wetdawgs
Thanks for your opinion.   Thanks for the name calling.... really nice ....yeah, nice.  

If the OP says the income is not documented, then lenders can't take it into account. I noticed you chose not to answer the original question but simply attack someone who offered two approaches    The poster can rebel and ignore the tax system to document the income if willing to take the consequences.   But, the poster can't have it both ways, get paid in cash under the table and expect to get a loan.     Do you have a third alternative?  Will you lend him/her the money without documentation from your bank account?   If not, why not?



  • March 25 2014
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Profile picture for gibsonc777
That was a very judgmental response, Wet Dawgs.  First of all, you have no idea of this poster's propensity for honest, especially not based on this question.  Secondly, stop being such a brainwashed sheep and wake up....many people debate whether it is even constitutional for the government to require taxes, and for the privately owned "Federal" reserve to use our information and even personal birth certificates to hold stock.  How do you know this is not just a smart, awake, non-sheeple minded person who knows their TRUE constitutional rights, as opposed to the dogmatic propaganda most have been fed and YOU have obviously swallowed whole?  Perhaps this is just a strong minded, creative person who has found a way to succeed and get around (legally and honestly) a very covertly oppressive oligarchy that programs its citizens with the  b.s. you have been thoroughly indoctrinated with.  You need to stop judging and start reading.
  • March 25 2014
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Profile picture for wetdawgs
One can either become an honest person and fill in one's taxes to document one's income, or one can pay cash.

good luck. 
  • March 25 2014
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