Combine, Hard Money and Owner Financing
Hey BiggerPockets family,
I'm working on a deal in Silver Spring MD, and I can use you help figuring it out. I have a 1.5Mil deal for a property I plan to Airbnb (short term rental). I'm trying to finance the deal with hard money but that won't get me to the finish line, I'm thing about doing a hard money lender in 1st position at about 1Mil or less than 70% LTV and the homeowner to owner finance in 2nd position.
My Question is this kind of financing doable? I plan to refinance the home in 12 months.