First Time Multifamily Buyer

[Jonathan Kennon]

Hello all and Happy Holidays,  

I am a brand new investor and I am trying to secure my first property and I want it to be a Multifamily. I don't have much capital (none to be transparent). I am looking into a private lender to help find this. The property I am looking will need a decent amount of rehab, but the return / cash on cash return is EXCELLENT ! I am very uneducated on how a lender like this. I live in Tampa, FL but looking at properties in Ohio. If anyone could help with any info on how to find lenders like these it would be amazing. Furthermore, If I were able to possibly get a lender like this, would it have to be based out of the state that I am buying or would one in FL work ? Thanks for any advice / help !