New to BRRRR and looking to acquire first property 2024

[Tony Corven]

Hello,

I am new to Bigger Pockets and real estate investing! I am doing all the research I can on BRRRR to find my first investment property for Long distance STR (vacation properties). I will most likely try to find a hard money lender for my first deal. Here comes the dumb question: Does your hard money lender have to be in the state you reside or in the state of the property you are hoping to acquire?

[Dominick Johnson]

I'll respond to your question since nobody else has. Your lender can be located wherever they want, does not matter where you invest/live.