The key would be making sure to talk to a local banker that can do CRE loans for owner occupied properties as not all banks do them.

I would include servicing costs of the loan and licensing costs.

Bridge Loan: A bridge loan could provide the $150,000 you need until your tenant-free property sells.

Hi @Vincent Plant,You've gotten some great advice on what to look for in a hard money loan.

Use tools like the VA loan for house hacking and your Basic Allowance for Housing (BAH) to cover living costs while building equity.

Stop reading if you want.2) I couldn’t guess what “There is a 6 months of grace period before interest payment begins” means.3) They call their $3555 charge a “Loan Fee,” stated a few lines up as 2%. 2% of $235,000 (loan amount) is $4470.4) Do you seriously believe the loan fee, “… IS 100% REFUNDABLE IF THERE IS ANY DEFAULT FROM THEPART OF THE LENDER OR IF THE BORROWER CHOOSES TO TERMINATE THE LOAN.”5) It’s okay to pay an appraiser directly.

It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?

If the loan is being paid the seller/previous owner has no reason to want off of the loan.

The combination of its growing tech & healthcare sector, long-term resilience to climate change, and relative affordability makes it an interesting place to start our real estate journey.I spent a big part of my career in hospitality real estate consulting at a Big 4 firm, but I left to explore new opportunities and decided it was finally time to take the leap into real estate investing.

The good news is you don't need a specialty loan for a house hack, just a traditional primary home loan.