Investor · Fort Pierce, FL · Member since 2015 · 22 posts · 4 votes
Credit is great, income is great I am tapped out on all the down payments I have done in the last three properties I bought to hold. I want to flip a few houses and would like private short term lending options. NO money down and lender will cover rehab expense as well. Do these exist?? Thank you
Most traditional hard money lenders are going to want you to have skin in the game. There is too much risk otherwise (put yourself in their shoes). Your best bet is private money, where your terms are based on your relationship with the lender and/or your skill in negotiating. People that know and trust you are likely the low hanging fruit, and may be willing to lend you money for deals without much haggling, especially if they are getting a solid return.
Yeah 100% financing is tough but there actually are some situations where you can get 100% financing on short term fix and flip projects. If you have a decent credit score then it really would just depend on the deal. PM me