Hard money lending question for new investors in California

[Cornelius Charles]

HI all. I have a question about securing funding for your first couple rehabs. This question may be more geared to investors in California, so I can compare apples to apples. My partner and I are in the process of researching hard money lenders. From what we have found so far, the average amount they are willing to lend seems to be between 60 and 80% of purchase price (some include rehab costs, some don’t). How were some of you able to fund the remaining amount that was not offered by the hard money lender? Even if we were to find an awesome deal and a lender that was willing to offer us 80% of purchase price + rehab costs, the remaining 20% definitely is not chump change in California. Thanks everyone.