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.
We have a really great resource for that type of rehab funding here.
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.