One of the most frequent questions we are asked is if we will do hard money loans for owner occupied homes. We only loan on owner occupied homes if the funds are specifically intended for business purposes. This means that the loan funds are used for a business need and not for a personal, family or household use. Examples include a loan to expand your business or a loan to put a business office in your residence. If you have checked around, you ...

The short answer is that you shouldn’t use private money when it doesn’t make sense, although that answer doesn’t really tell the whole story. To expand on that, there are various ways to figure out if private money will help or not. First, you need to run the numbers. This will tell you without any emotion whether it will make sense or not (and this applies to most financial transactions). If you are buying a property to rehab and flip, yo...