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Updated over 4 years ago,
Hard money lenders for investment property
Is there any other way I can get a mortgage on a property that requires cash only deal? I have a business that generates close to a million annually. I want to get a mortgage but will most likely not be approved because my personal income being low. I want to purchase a property that’s has been foreclosed through a buddy of mine but would not be able to get a mortgage on it. I was thinking is there a way I can get a commercial loan perform the construction then apply for a conventional loan and pay off the hard money lenders for example and then pay my monthly mortgage?