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Updated over 7 years ago,
Is there legal private money/h.m.l. for a 3-5yr balloon, own occ.
I am curious to know if there is private money, or H.M.L's who do, or would do a 3 - 5 year balloon, amortized over 30 years, for owner occupied?
Or do you know if a Private money lender, etc., could do a deal where owner occupies, one property, while other property is rented, to pay some/or all of loan, and refinance.
Or a deal that includes the funds to also do light rehab, buy hold for a shorter period like 1 - 2 years, and refinance?
I am brainstorming everyday, and trying to network, to fill in the missing piece to the puzzle, to unlock my first deal.
I have been making some headway, so I must say thanks BP members, and thanks for BiggerPockets!!!