No experience needed if you live in the area your buying

[Stephen D.]

I’m looking to get started in multi family property and I’m trying to start in my city. I have some money to put down but not quite enough. I have no experience in real estate and I’m not interested in single family. I was watching a video from commercial real estate investing advisors and they mentioned how no experience is necessary to qualify for a loan if you live local to the property you’re trying to purchase. Is this true? If so does this work with a hard money lender as well?