"Rural property" private money/hard money

[Justin Capps]

I've been speaking to a lot of hard money lenders and am finding out that lending too far outside of Indianapolis is a no go for many. Does anyone lend on rural flips? Comps are pretty strong in the area.

Home is in Rushville, IN

Purchase Price $165,000 smaller cosmetic rehab

ARV $275,000

I have experience flipping. 

Thank you,

Justin

[Craig Parsons]

Yup I have had the exact same problem in rural and not so rural Idaho the hard money  guys have a very specific box and no matter the risk/reward they either wont lend or want you to have so much down that it makes no sense to even get a loan.  Personally I am trying to line up private lenders  but its still a tough road. The upside is once you figure out financing you will have an edge in an under served market.   If anyone else has lenders who will lend in a county of 8,000 people please shoot me a DM I'm always willing  to hear what some have to offer.