Fix & Flip Funding

[Bryan Syrene]

Hello, looking for some advice here! I'm looking to do my first fix and flip, but don't have any capital to do so. If I get a property at a good enough price, will a PML or HML fund the entire purchase, closing costs and the rehab? Or is there no way to get around paying a portion of the purchase and closing costs?

I know you can do seller holdbacks for this as well, but if possible I'd like to just fund everything through one source.

[Chris Seveney]

Quote from @Bryan Syrene:

Hello, looking for some advice here! I'm looking to do my first fix and flip, but don't have any capital to do so. If I get a property at a good enough price, will a PML or HML fund the entire purchase, closing costs and the rehab? Or is there no way to get around paying a portion of the purchase and closing costs?

I know you can do seller holdbacks for this as well, but if possible I'd like to just fund everything through one source.

 Institutional lenders will not give a first timer 100% financing, you could bring on an equity partner into the deal which would be your best bet.