How finance live in flip?

How finance live in flip?

Member since 2019 · 109 posts · 12 votes

Looking at flipping a property- My contingency if the property doesn't sell quickly enough is to move into it to help stop the bleeding, however, it seems many lenders will not allow you to live in the flip. I'm not a candidate for conventional financing to am focused on other means- Any suggestions as to how to navigate this or recommendations for lenders that allow for a live in flip?

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  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    7y

    It will have to be Truly private financing....family or friends. HML's can not legally lend to an owner occupant.

  • Real Estate Investor · Palm Beach County, FL · Member since 2017 · 3k+ posts · 2k+ votes
    7y

    There are other Non-QM options out there for owner-occupants such as bank statement loans, etc.

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