Turnkey or cashflow producing property with HML

1 Reply

I'm looking to start investing in real estate using creative financing. Read a couple books on the topic and have been trying to think of various ways to get going.

Is it possible to get a hard money loan to purchase a turnkey or any current cashflow producing property? Especially a multifamily where I can live in one unit and rent the other(s).

I'm currently looking to purchase a multifamily home in the DFW area where I can live in one unit and rent the rest. 

Thank you all in advance.

Originally posted by @Jimmond Thomas :

I'm looking to start investing in real estate using creative financing. Read a couple books on the topic and have been trying to think of various ways to get going.

Is it possible to get a hard money loan to purchase a turnkey or any current cashflow producing property? Especially a multifamily where I can live in one unit and rent the other(s).

I'm currently looking to purchase a multifamily home in the DFW area where I can live in one unit and rent the rest. 

Thank you all in advance.

A HML is used for short term purposes. Such as flipping houses. What you would want to use is traditional financing. 30 year terms. 25% down. Best money you can buy anywhere on the planet.

James Wise, Real Estate Agent in OH (#2015001161)
216-661-6633

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