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Updated over 6 years ago on . Most recent reply
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Private Money for House Hacking?
I'm not sure if this is exactly innovative, but I wanted to put it out there for the rest of the BP community. I am having a hard time figuring out and qualifying for lending on a first time purchase. I am able to secure a traditional loan for $150k but pricing starts around $250k in Central Oregon.
Is it unheard of for private lenders to lend for a 3 year to a buyer who wants to house hack? If anyone has a resource or book that would help me in this situation I would love to hear about it! I would also appreciate anyone's input who has accomplished this strategy or knows someone who has.
Thank you in advance…