CONVENTIONAL LOAN or HARD MONEY??

[Michael Crohn]

Is there a happy medium between a conventional loan and a hard money loan? I'm in a pickle because I have enough cash to buy about 50% of the property I want but I can't qualify for a conventional loan. I have great credit and offered to put down 50% on the purchase price of the property but that didn't matter since I claimed a lot of deductions last year and although I grossed $120k I took all the deductions that were available to me so that I have more cash on hand but now I can't qualify for a conventional loan because it reduced my net income. I'd love to buy my property as a mixed use for my home and dog training business and can pay up to 50% of the property value but then I'm thinking I'd have to get a hard money loan for the other 50% of the cost and have to pay it off quickly. Does anyone have any recommendations? Oh! and here's the kicker! I currently pay $2,750/month RENT where I live and do my dog training at so I could easily afford the $1,000 mortgage so buying this house would immediately cut my expenses by $1750/month. I know I'm going to find a way to make this happen I just need some guidance. Any help is greatly appreciated!