Hard money loans for primary residence Texas?

[Christian Puentes]

Hello everyone, im in a current situation where I have done a few deals and I want to start looking for my own place. My strategy was to find a property using a wholesaler and buy it using a hardmoney lender, when the property is rehabbed I would then do a cash out refinance and pay off the hard money lender. once the hard money lender is paid off I would then move into the property. However in the past deals that I've done using hard money lender there is always a non homestead affidavit in the closing documents and im worried that if I did use this strategy I could get into some troubles. which to me makes no sense, if the hard money lender is paid off and I never lived in the property for the entirety of the lona then why would they care if I use the home as my primary residence(my opinion).

I know many will say that it is best to just use a conventional loan but homes have gotten more expensive. the reason why Im playing around with this idea is because some of the deals that I have done were purchased at good price and with enough equity left in the deal that if I did do a cashout refi I would be leaving about 10k invested in the property. aside from that after the cashout refi I would have a loan/mortgage payment that is very affordable to me and in a desirable location.

any thoughts on this? they would be greatly appreciated.