Funding a Flip

[Kyle Cabral]

Hi All,

Quick question. We have some funding options available for a project we are looking into right now but wanted to go through a portfolio lender instead of convetional type lender to speed up the process. Lots are not interested in someone just buying and applying for a loan for such a short time period and they have the clause of "must be owner occupied". Does anyone have any strategies to get around that? Do you just say it will be owner occupied or do you call around other portfolio lenders that will lend on a short time period basis? Any insight would be appreciated because I rather go this route as opposed to going for a HML.

Thanks so much.

Kyle

[Jeff Trevarthen]

You shouldn't try to "get around that".  If you're lying that's fraud and you will get hammered if/when somebody finds out about it.  It's not worth the risk.