Are 100% Financing Loans for Rehabs a Scam?
There’s a few of rehab/fix and flip lenders out there offering 100% financing, no money down. This seems too good to be true. Has anyone here had an experience with one of these lenders that promises 100% on rehabs? I’ve yet to see one that’s real. Please share your experiences with any of these lenders.
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It doesn't sound so much like a scam to me as marketing gimmick to get business. I would fund a deal 100% if it was good enough. But "good enough" would be a mighty tough standard to meet.