Seeking Advice on Hard Money Lending for Properties in North-West Florida

[Vitalii Lunko]

Hello, everyone, I'm new here. I have four properties in Alabama and Mississippi that are currently undergoing remodeling. While I have more deal opportunities available, I'm short on funds. What would you recommend? I can comfortably contribute 20-25% and am looking for financing for a year, after which I plan to refinance. Should I focus on hard money lenders in the specific states where I'm buying properties, or do out-of-state lenders work as well?

[Chris Seveney]

Quote from @Vitalii Lunko:

Hello, everyone, I'm new here. I have four properties in Alabama and Mississippi that are currently undergoing remodeling. While I have more deal opportunities available, I'm short on funds. What would you recommend? I can comfortably contribute 20-25% and am looking for financing for a year, after which I plan to refinance. Should I focus on hard money lenders in the specific states where I'm buying properties, or do out-of-state lenders work as well?

 Any type of hard money lender will work, it does not need to be in that state. The key will be meeting their terms as Hard money is getting more expensive by the day. We bumped our rates another 200 basis points as we have more deals than we can fund right now.

PS: make sure its a legit HML/Private lender - there are a lot of scammers out there.