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Updated almost 4 years ago on . Most recent reply

User Stats

43
Posts
15
Votes
Jared Sutherland
  • Rental Property Investor
  • Scottsdale Arizona
15
Votes |
43
Posts

Buying a home through wholesaler (wants cash) want to be primary

Jared Sutherland
  • Rental Property Investor
  • Scottsdale Arizona
Posted

I found a home with purchasing through a wholesaler. They want cash close.  However, I don't have all of the cash to purchase ($500k).  Can I get a hard money loan then convert to traditional. I know most hard money won't allow owner occupied so I would have to wait to live in it until I could get a traditional. Has anyone ever done this to score a deal on their next primary residence?  

Thanks.

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