Turnkey or cashflow producing property with HML

[Jimmond Thomas]

I'm looking to start investing in real estate using creative financing. Read a couple books on the topic and have been trying to think of various ways to get going.

Is it possible to get a hard money loan to purchase a turnkey or any current cashflow producing property? Especially a multifamily where I can live in one unit and rent the other(s).

I'm currently looking to purchase a multifamily home in the DFW area where I can live in one unit and rent the rest.

Thank you all in advance.

[Andy Webb]

If it is turnkey, you are better off getting a straight-conventional loan and skipping the two rounds of closing and financing costs.