Don’t just make a wish

Published June 18, 2014

Make it happen!

paso cottage

Walking through the streets of Paso not only takes you back to a different time, it also makes you wish you could live in one of them. If you’ve dreamed of owning a cute little cottage in Paso but could never get a home loan because banks think “self-employed” equals “unemployed,” look into alternatives. Banks are small minded because they only loan to those with a consistent income and cannot see the potential of loaning to an indie writer or someone whose income is more like a roller coaster.

Realizing that stuffy banks are not your only option is unbelievably liberating. Consider buying a vacation rental that could practically pay for itself because it allows you to live in a portion of the property. If it’s too painful to buy an entire house, you can buy into one. Miracle of miracles, you can become part owner of a vacation rental without a home loan and a much smaller down with benefits or revenue well worth the long term investment. Another equally liberating discovery about shirking the bank shackles is that the seller can finance you. You may actually win a bidding war with another party offering all cash because the seller makes another 5% in interest from a buyer who has the seller carry papers. Really, I’ve seen it happen!

More appellation adventures in this region.


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