Hard money lenders for fix and flips

[Aidan Carey]

Hi everybody,

This is a message I sent to Brendon Turner. Hopefully somebody can answer my question. Thanks!

Hope you are doing well. Sorry to bother you but my name is Aidan and I watched your video about How to Invest in Real Estate with only $1,000. I just had a quick question about hard money lenders. Do a lot of hard money lenders fund 100% of the deal, which includes the purchase price, all of the renovations, all of the down payment, and closing costs? I was just wondering as I would like to use this stradegy in the future to fix and rent properties to build my portfolio. Thank you for your time and look forward to hearing from you.

[Jay Hinrichs]

wasting your time.. 100% financing happens for well established experienced flippers.

Beginners NO.

you can try do hard money but of course they want 3k to have a hope of funding  deal so its not no money down.

you would do much better finding a money partner to start than thinking you can do real estate with 1k of liquidty.

Frankly all the no money down deals can happen in theory in practice for those with no money its darn near impossible unless your in a market that has huge excess inventory that folks are just dying to get rid of .. IE ghettos war zones that type of thing.. or rural areas with no real resale activity.