Hard Money Lenders for Primary Residence Single-Family Home

[Calvin Shih]

Hi All - Please let me know of recommendations for hard money lenders that will lend on single-family homes as a primary residence. Most hard money companies I've spoken with only offer financing for investments. 

 I'm looking to offer all-cash on a home to get a better deal, then refinance once escrow closes. 

Thanks, 

Calvin

[Carlos Ptriawan]

Quote from @Sanat Bhandari:

@Calvin Shih Another strategy that I've seen is that people use hard money to fund the deal and then rent it to themselves via the LLC that the property is vested in. Is it unethical? Yes. Does it happen? Also yes

In your case, you can also utilize Fannie/Freddie (or non-agency) delayed financing to mortgage the property after buying it using a cash offer 

 there're many folks want to utilize renting themselves a llc house that they owned because the repair is deductible, but the problem would be when selling as sec 121 would not work for capital gain tax avoidance.