What’s after the hard money loan?

[Matt Ruttenberg]

Ok, here’s what I’m trying to figure out.

As a first time real estate investor, I understand what’s available in term of funding the purchase, for the most part.

If we go the hard money/ private lender route, we’ll need to refi after the 1-year balloon, which is what I’ve been told are the terms from the lenders.

If I’m doing short term rentals, my conventional lender is telling me I need to wait 2 years to be able to use the income.

Any ideas out there on how to refi at the 1-year mark for the balloon payment if you can’t use the income yet?