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Updated almost 8 years ago,
Hard money for new construction Multi
Good evening all!
I'm brand new to this so forgive me if this is a stupid question.
Is it possible to secure hard money for a new construction multifamily to also use as a personal residence?
I hope this question isn't ridiculous, but again I'm new so I figured it couldn't hurt to ask!
I'm having difficulty securing traditional bank financing due to large student debt and being a 1099 employee, so I'm just trying to brainstorm. I have a construction background and GCs in the family so I could potentially keep my costs much lower with a new construction.