Updated about 5 years ago on . Most recent reply
Hard Money to Purchase a Rental Unit with Tenant and Few Repairs
First time Investor, looking to purchase a condo unit with tenant in place, for around market value. Unit is in amazing location and condition. Instant landlording - the question is will a hard money lender take this on? Don't go easy on me. Help me learn how this is done. Thanks in advance!
Most Popular Reply

Hard money loans are typically commercial, no occupancy loans; typically the loan have terms that forbid occupancy during the loan period. Double check the language.