Hard money loan concerns

[Trent Balandran]

Hi all, I am new to the world of real estate investing. I recently purchased my own primary home and I have been prospecting to get my own fix and flip deal. I have a mentor who fix and flips full time and will be assisting me on whatever flip I am able to get. My big concern however is for whatever reason defaulting on a HML. Going into an election year and with the general state of the market at the moment I'm worried about the home not selling and the lender taking my primary residence as collateral. Can this happen? How can I work around the risk of the home not selling?