Looking for rehab lending in East Texas area

[Traci Butler]

My partner and I who are new to REI are looking for a lender to fund our rehab project. We live near Carthage, Texas. We are looking to do the BRRRR method and /or use the property as short term rental. It is located in Jefferson, Texas. The local banker is not savvy or does not appear to be to what we are wanting to accomplish. Any advice or leads is greatly appreciated.

[Joshua Messinger]

Hey @Traci Butler! 

I would meet with at least five to ten different lenders to compare rates and get a general consensus on your area and what is out there and being offered.

If you can't figure out who offers what and know who is the best/most reputable you are setting yourself up for a disaster. 

Please don't hesitate to reach out if you ever need anything! 

All the best,

Josh