Hard money lenders want investor 100 miles

[Sam Tright]

From their fix and flip. I am in Houston and travel to San Antonio frequently, it's about 200 miles away. Will hard money lenders hear an explanation of my travels or want to see an address that fits their radius criteria? I do not stay with family, just motels. I'm sure I can rent something if needed though.

[Mark Munson]

Hi @Sam Tright

     If you are asking if a HM lender will want you local to the market you are investing in, the answer is generally no in my experience. They may want a Letter of Explanation as to how you will be managing it (mostly for out-of-state rentals), but that is the extent in my experience. That's not to say that the one you are thinking of using doesn't have the requirement, but I've never run into that before and I operate a commercial mortgage brokerage. Feel free to reach out if you need any further advice and best of luck!