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Updated almost 4 years ago on . Most recent reply

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Ryan Guerrette
  • Rental Property Investor
  • Burlington, CT
6
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Private money/ hard money loans?

Ryan Guerrette
  • Rental Property Investor
  • Burlington, CT
Posted

Hi BP members, I recently purchased my first duplex as a house hack rental in Central Connecticut but I became curious about private money or hard money loans. Does anyone have any experience doing one of these deals to buy commercial real estate? I'm not looking for a business partner just any tips, tricks or advice. Thanks

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1,730
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Jason Hirko
  • Lender
  • San Antonio, TX
1,512
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1,730
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Jason Hirko
  • Lender
  • San Antonio, TX
Replied

@Ryan Guerrette 99.9% of hard money lenders won't touch a house hack deal because it is considered owner-occupied and most are not licensed for that and don't deal with the regulation that entails

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