Hard Money Lender or Private Money Lender

[Raychel Jones]

Hey everyone, 

I am a new real estate investor. In the last 6 months, I've done two wholesale deals in Texas (where I currently live) however, I want to start transitioning into fix and flips and buy and holds. I just recently split from my business partner so funds are tight and I have not worked a traditional job since 2020. I am exploring different funding options so I can start investing out of state in my hometown/state of OH. 

Anyway, I found a couple lenders in Ohio but they require 20% down, which I do not have. Are there are lenders in Ohio who do not have this requirement if the numbers align or would I need a private lender? Do I have to save up the down payment? Is there a way to get pre-approved for funding to purchase homes? Just trying to figure out what my options are. 

Thanks