Rental Property Investor · Craven County, NC · Member since 2016 · 146 posts · 61 votes
I'm looking to owner occupy properties that meet my criteria and, one-by-one, make them into rentals in a BRRRR manner. Hard money is out of the question because I will be an owner occupant. Private money is unlikely because my credibility can be perceived as low and I am relatively new to my area so my networking is still in the works. Is this looking like I'll have to use my own cash? I would refinance conventionally, but I'd like to use OPM to start this series of live-in BRRRR's.
The only obstacle I see is you living inside the investment which like everything else can be overcome with patience. I work with a mortgage brokerage named The Cornerstone Group of NY. After filling the loan application they will find a private lender who will loan no matter the circumstances. I've helped others use them to acquire very questionable investments so I'm pretty optimistic in your chances for success. Please reach out through my contact info or PM if interested.