You need two years of steady income before you can qualify for a loan.

I’ve bought 5 houses from 401k loans too.

He is looking at a group of investors like myself to bring 25% of the project value and then procure a bank loan for the remaining 75%.

Loan Origination Systems (LOS): What works best for mortgage and private lending?

This also helped us in an unattended way when investing with my Solo 401k because banks treated the funds as liquid when invested in a public traded exchange versus in their fund and helped with securing better commercial financing on a deal because of the strength of our application in liquid assets.

I financed the deal with a conventional loan and bought down the rate from 7.75 to 6.25.

Is that eligible for an SBA loan? 

So we retired the sellers loan within 12 to 18 months.

The bank set me in at 7.1% interest (construction loan short term) This will be a side hustle for me.

Hard money is a type of business loan for non-owner occupying investors.