Newbie Investor needs help with lending

[Tyrell Henry]

Hello, 

I am a new investor and I am looking to use a hard money loan to purchase my first rehab property. I am looking to do an out-of-state deal but my head is all over the place right now. When I was trying to do a BRRR my mentor told me that the limit was 50,000 minimum on a purchase, not including the rehab. Now that I am trying to get back into the BRRR process the lender that I am dealing with says the lowest amount that they can loan is 75,000 and they could only loan up to 50% of that for the rehab which is about 35 to 36,000. I am stuck between Alabama and Ohio as a place to invest, but it seems that this limit constricts me more than I imagined. As a new investor, my head is all over the place so if anyone could give me tips or any hints as to where I can find a lender to help my situation that be great. Thanks in advance.

[Nicholas L.]

@Tyrell Henry

I'll simplify:

Don't start OOS

Don't start with hard money

Don't try a major BRRRR

House hack or live-in flip instead

https://www.biggerpockets.com/blog/live-in-flip

Good luck