Flipping a house with 100% OPM
Are there really private lenders out there who put up 100% of the money for a deal and only charge interest? Or lenders who will cover down payments? I see multiple mentors preaching this strategy, obviously I don’t trust mentors but I know of a local investor who does this as well and I just don’t understand how they achieve that. I have experience and could run the whole project myself including finding great deals , if that would help a lender be willing to fund the whole deal. but does anyone have experience doing this? Or know how to go about structuring a deal like that? Even if it means giving up a lot of profit to the lender