Rehab Financing For Profitable Flips
3 Ways to 100% Financing on Every Rehab Loan
Most Real Estate Investors dream of that GOLDEN DEAL where they don’t have to put any money in and they can turn around and walk away with a great profit. Is it possible? Are there Real Estate Investors out there doing this? Can an Investor really get 100% financing on a Rehab Loan?
I’m here to tell you that it is possible, and it’s definitely happening. Here are the 3 ways that Real Estate Investors are successfully investing in real estate without using their own money to finance the deal.
1. Find a Really GOOD… A Really GREAT Deal!
Too many times the deals that come across the desk aren’t even a good deal in fact they’re just plain bad. I do see plenty of Good Deals that for the right investor it’s a great opportunity to make a solid profit. Lastly, there’s the great deal that has everything lined up that regardless of your credit, job status or current income you can get 100% financing.
Now here’s the deal, 100% Financing does not mean that you don’t need to have some money to get the deal done. It means that we’re going to provide you with 100% of the loan amount and 100% of the rehab costs. 100% financing does not cover things like your earnest money, but we can cover your loan costs when the deal is right.
We loan up to 70% of the ARV, so when all of those things – purchase price, rehab costs and loan costs – total less than the 70% you’ll have 100% financing.
2. GAP Funding Through a Line of Credit
The reason the business line of credit is such a good option is because it addresses some of the most common problems faced by investors. Lack of money for earnest money, lack of money for closing costs, lack of money for surprises that may come up after the deal is funded. Rehabbing a property always carries a risk of those surprises, and it is nice to have a way to quickly pay for them and move forward.
3. Wholesale Your Deal!
Sometimes you are faced with a situation where completing the rehab will not work for you, but it is a great deal and you would like to make a profit anyway. Wholesaling the property is your answer. Whether it be that you don’t have time for the rehab itself, or you just don’t have cash on hand for the closing costs and don’t qualify for a line of credit, this is a way to still realize a quick profit. In fact it is a great business model all by itself for some investors, and a great way for new investors or those with bad credit to get started.
We even have a buyers list available for members of our Find-Fund-Flip System to send out these wholesale deals to willing investors.
Taking advantage of all three of these 100% Financing Strategies is exactly what our Find-Fund-Flip is designed to help you do.
Get Pre-Qualified
What Do We Offer With Our Rehab Funding?
100% Financing Available
No Pre-Payment Penalty
No Payments for 5 Months
No Credit or Experience Required
No Minimum Down Payment
100% Rehab Funding Available In The Following States
Alabama
Arkansas
Colorado
Connecticut
DC
Delaware
Georgia
Illinois
Indiana
Iowa
Kentucky
Kansas
Louisiana
Maryland
Massachusetts
Michigan
Mississippi
Missouri
New Hampshire
New Jersey
New Mexico
North Carolina
Ohio
Oklahoma
Pennsylvania
Rhode Island
South Carolina
Texas
Virginia
Washington
Wisconsin
Wyoming
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DoHardMoney recently reviewed the numbers and discovered that the average profit for our borrowers was $33,578*. We come to that number after we have subtracted all of the loan costs, holding costs and selling costs. You can read more about it here.
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Am looking for lenders in Alabama that can lend based on ARV.
Hi,
I am interested in your lending programs and was wondering if you lend to foreign nationals.
I am using a US LLC to purchase properties.
If you are then get back to me.
Thanks,
Jon
Hey Ryan,
Do you currently loan in KS yet? If not, I’m willing to buy in other states that you do loan in if I have too! I’m also interested in the 100% financing, no money down opportunity or open to learn how to do this in my area.
Randy,
At the moment, we are not able to lend directly in KS. However, we do have financing options available for Kansas through business lines of credit. BLCs have many advantages, even over hard money loans.
For 100% financing through us, you would have to invest in one of our preferred financing states for the time being.
We are currently working on some new financing products that will make 100% financing possible in all 50 states. Keep checking back!
Do you lend in Louisiana?
we fund qualified deals there
Hi I was wondering if you can help me out here I won a bid on a home in Houston Texas for 217k the earned fee 4000 I believe This is my first deal and I’m green as a head of lettuce I had a realtor run some numbers and the comps came in from 300k to 380kThe home is occupied I spent to much time asking the clever investor and subto and Lee Arnold people to help and recirved only emails selling me more webina r crap so yesterday I contacted Xpressloans 911. Told the guy my situation and gave him the auction info and the realtor comps and was honest to him about where I was and told him I have no money ask him if he could get me funded 100% and add 20k for rehab So this lady calls me back with both of them on the line after sending me the contract and telling me that I was approved for Alan of 247k and fees would be part of the loan but that I needed to wire 2595.00 dollars as a commitment fee by this time it was 5 o’clock California time and they were back east I told them I was going to work on sending it .The auction lady gave my till this am to turn in the paperwork that I needed . They need er mentioned a proof of fund letter to me .I seen Your add on social media and it got me thinking that maybe this is not right and I was going to borrow that money and what if I get taken and I lose the chance at the deal and that money .I am so in need of help and was wondering if you can help My umber is 408 500 7429 my name is Carlos Hernandez I don’t know but If you can I will follow your lead Thanks,hope to hear from you