Anyone been successful making the 100% financed deal work by getting a hard money or private loan and bringing the down payment with a business line of credit?
@Russ Beck - I don't see why you couldn't. I've done it with personal loans, credit cards, and private loans from F&F. Just make sure you have a plan B if you can't flip the house
@Michael Ablan great info, thank you! I'm a rehab and rent investor or BRRRR investor, but certainly the rehab to sell path needs to be considered as well as a Plan B exit plan.
@Russ Beck if you are still leaving your 20% equity in the deal then financing 100% of your purchase and rehab is completely doable.
Yes I have done this several times. They usually don't care where you get the cash; just want POF.