Hard money lenders

[Troy Smith]

I’ve been looking for hard money lenders, and I see mixed reviews on the ones that show up online. I see Kiava a lot. Are there better options than the ones I see online

[AJ Exner]

Hey Troy,

If you are investing in OH, Kiavi and some other big name HMLs might not be the best fit because of minimum loan amounts and minimum purchase price.

Ohio, along with AL, MS, parts of MO and a few other places can still get some solid BRRRR opportunities below 50k, which is (unfortunately) below the minimum allowed purchase price for a lot of groups and might even run into minimum loan amounts.

Kiavi not only has that, but they also push back if the rehab is over the purchase loan amount, which can happen quickly up there.

Otherwise, they are a great option if your deal(s) fit within their parameters. Plenty of other options though that I would recommend based on the specifics of the deal.

Happy to connect and help where I can!