How Can I Get 100% Financing From Do Hard Money For My Fix and Flip Investment?
Find An Amazing Off-Market Deal
When you are a member of our Find-Fund-Flip System you will have access to the software
, real estate investing experts, educational courses and critical contracts that make finding these off-market deeply discounted property much easier. You’ll need to find one where the property purchase price, rehab costs and loan costs all total less than 70% of the ARV.
Use Gap Financing To Cover Necessary Cash To Close
Sometime you can find a great deal where all the costs total more than the 70% of the ARV but it is still a great, profitable deal. Use gap financing! You’ll still be able to complete the flip with all of the loan covered by funding. Apply Here.
Wholesale the Deal
This is a great option when you don’t have cash to close or perhaps even when you just simply do not want to complete the rehab
allows you to make a quick profit without carrying the costs of a loan.
What Does 100% Financing Mean?
As a hard money lender we have a variety of loan options available for various types of real estate investments. But our most exciting and popular loan options are those where we can extend a no or low cash to close offer. Because we take on so much more risk with these loans we will only offer them when the deal meets our profitability and risk guidelines. The property purchase price, rehab costs and loan costs all need to total less than 70% of the ARV. And that ARV is not determined by the borrower or their agent, it is determined by independent real estate professionals that work and live in the area. Many of the risk and underwriting criteria used help us feel confident that the property can sell within the loan term. This means we won’t fund some deals like rural properties, homes in high rental density neighborhoods, properties in commercial areas etc. We also won’t exceed the $250,000 maximum loan amount. We can fund deals outside of those parameters, but not with 100% financing.
100% financing also does not mean that absolutely everything relating to your deal would be covered. You’re always going to be responsible for business costs that fall outside of those related to a specific deal, like your marketing costs, and other similar expenses. We also will not cover your earnest money, but as part of your enrollment, we DO teach you how to properly word your offers and contracts so that your earnest money will rarely be lost. We are also going to require that you run your business like a business – 100% financing doesn’t mean we just cut you a check for the whole amount and you pay us back when the property sells. Rehab funds go into escrow and are made available throughout the rehab via a draw process. Property improvements will need to pass inspection before draw funds are released, and they are only released to a licensed contractor.
These types of deals require more work and more knowledge to find, so we only extend them to members of our Find-Fund-Flip System, because the tools and resources provided within it have all be created to evaluate profitability and viability according to this criteria. Members have access to our team of fix and flip specialists that will go over potential deals with them and help them learn from the bad potential deals and pursue the winners. The good news is that this system is available to everyone- even investors that have never flipped a house or those with bad credit. Because members use our resources we can work with borrowers that other lenders ignore or turn away.