Seeking 100% Financing for First Fix-and-Flip Project

[Scott Shumard]

Hi all,

I’m a first-time real estate investor seeking 100% financing for a fix-and-flip project in Southern Tennessee. I have a strong credit score (750+) and up to $10,000 available to cover any initial costs if required. My wife and I earn a steady combined income, and we've identified several promising properties with solid ARV potential.

What I’m Looking For:

• A lender who offers 100% financing, covering purchase and renovation costs.
• Flexible terms for first-time flippers.
• Guidance or mentorship opportunities are a bonus but not required.

Why Work With Me?

• Hands-On Experience: I have personal experience in remodeling and am fully capable of overseeing and managing the renovation myself.
• Strong Creditworthiness: Excellent credit score and financial stability.
• Dedication to Success: I’m highly motivated to make this project a success, ensuring efficiency and profitability.

If you’re a lender, know someone who fits these criteria, or have advice, please feel free to comment below or send me a direct message. I’d love to connect!

Thanks in advance for your help.

[Stuart Udis]

@Scott Shumard Highly levered construction loans for inexperienced investors is ill advised, particularly where the borrower has limited liquidity. I suspect you will have a difficult time securing your desired terms which is probably to your own benefit. Don’t force deals you’re not ready to undertake. Having a good credit score is good, shows responsibility,  but a good credit score can’t make a payment in the event of a contingent issue or project shortfall. On the other hand, cash can. Liquidity is crucial and lenders, especially in the construction lending space will value that far more. Additionally, you won’t be able to advance the construction with your current liquidity. These lenders customarily only release funds for completed work. Perhaps partner or find ways to involve yourself in other investors rehab projects so you can gain hands on experience while you continue to save.