Transfer of the Property or a Beneficial Interest in Borrower.

We lend up to 85% of the build costs but, generally, require that our borrowers have some experience with ground-up construction. 

In the foreclosure crisis, was it the banks’ fault, or borrowers for not reading what they signed?

Speak with lenders early to understand your borrowing power, and explore multifamily properties to maximize your house-hacking potential.

CA there is NO possibility of a deficiency judgement on a purchase money owner occ loan.. borrower can walk and the worse that happens is their credit will have a foreclosure if the bank goes that route or a deed in lu. 

You have two things going on, and they are unrelated for tax purposes:1. doing rehab and paying contractors2. borrowing money from a HM lender

If you keep borrowing against the property you can immediately use the money for other investments.

(most hard money loans require 10-15% down depending on the split between purchase price and rehab). but that is both (1) risky and (2) expensive, as you're paying interest every month on 100% of the borrowed funds. private money is fine, you're just bearing a lot of risk and also involving the relationship in your very first deal. 

Quote from @Brandon Croucier: The loans are available but nobody wants to do them.There always seems to be something wrong with the properties, as lenders we just can't make enough $ for our time.9/10 Borrowers also complain about the "excessive fees" for the loan amount.If you are okay with paying 8k in closing costs then the loan is available. 

Don’t forget heloc, DSCR, 2nd on primary, borrow from retirement accounts, credit card cash advance, property reserves, home improvement store credit, etc etc.