If you are short on cash and have a hard money lender lined up then make sure your exit strategy is set up. in this case make sure you will be able to refinance out of the hard money loan into a conventional loan.

@Mariah Sanchez One of your options is to get a personal loan or line of credit from your bank, which it sound like you looked into.

Typically people use a bridge loan, their own cash, or a line of credit to close it the first time and then go to the second closing.

Of course, we have a joint return so they saw my wife from that aspect only.The only loan that I had to have my wife sign that she was not apart of was the home equity line of credit against our primary residence. 

Home Equity Loans/Line of Credit is a potential option.How is your budget?

Bottom line, I am looking for a lender that has an iron stomach during a correction. 

The only things different about Section 8 are they have an additional income line (assistance) and some additional regulations on the property as a result of the Section 8 lease and inspections.  

I’m a local developer in Bergen County NJ looking to expand my business with a line of credit.

His question was: Should I get a line of credit in order to pay my RE taxes every year? 

@Mitch PriceI’m a big fan of personal lines of unsecured credit at my local bank .