Updated almost 10 years ago on . Most recent reply
Investment Funding
I am putting this question in this forum as it seems to have the most activity. Additionally there are a lot of individuals who are interested in investing but are tight on funds. This has crossed my mind as well...
If you have no capital, besides using private lenders what is the best option if someone is looking for 100% LTV and 100% rehab funding? Does anyone have contact info? Suggestions?
It is said that the money comes with finding the right property, but even if the person finding the property doesn't receive the 100% LTV/Rehab cost and doesn't have any capital it may be a hard to get the ball rolling.
Most Popular Reply
I hate to say it, but if you have absolutely $0 capital then you probably shouldn't be investing. Get your financials in order first. After that....
There are a few lenders that will do 90% purchase and 90% of the rehab up to 65-70% ARV. I think ReCasa Financial does 100%.
But I would agree with @Michael Wentzel about using private lenders.