Lender · TX · Member since 2018 · 936 posts · 713 votes
7y
@Tomiko Graves I would work with someone in the state, or even better, in the area that you are buying the property in. The more local, the better a resource they are going to be.
Lender · TX · Member since 2018 · 936 posts · 713 votes
7y
@Tomiko Graves I would work with someone in the state, or even better, in the area that you are buying the property in. The more local, the better a resource they are going to be.
Lender · Chicago · Member since 2018 · 4 posts · 1 vote
7y
Working with a lender that can provide quick, reliable access to financing with good terms is important regardless of their location in the US. Building that relationship and trust is key to a long-term relationship and not just a single transaction. My two cents.
Should I choose a hard money lender in the state I live or in the state I'm going to invest or does it matter?
The best, real hard money lenders, are relatively local and are a great resource for ARV. They know the market better than most and won't let you spend their money on something that's not worth it.