There is a ton of hard money available for Non Owner Occ home purchases but because of regulations very little for Owner Occ.
I have been asked if there is a way to arrange a deal so that it qualifies for Non Owner Occ hard money even though the person will be living in the residence?
Obviously a way that will not jeopardize my client or the potential lender…please help
So, in essence “cheat” the system?
Not a good idea. Its worse than selling a car you’ve run the odometer back on. Brokers are putting their license and rep on the line with every note. A smart one would never even consider it. I reccomend attacking your problem from another angle.