Are there any private investors out there?

My wife and I are attempting to purchase a home. We have good credit scores, very little debt, and a combined income that can easily pay for the home we are looking at. The problem we have is my wife is less than two years out of a bankruptcy (due to a job loss), so her income cannot be counted, and over half of my income comes from tips. We are in need of a $60,000 loan. We would like to set up something similar to a land contract--we would be willing to pay up to $1,000 a month for the first six months, and then set up a smaller monthly payment after that. After a set period of time, we would refinance the home with a traditional lender and pay off the difference. by mappleton from Fenton, Michigan. Jul 7th 2011 Reply