100% Fix-and-Flip Financing: What Lenders Require
When 100% hard money fix-and-flip financing is possible — why liquidity and credit still matter, and how to approach lenders so the file gets approved.
Want the full breakdown with underwriting details, FAQs, and next steps? Read 100% Fix & Flip Financing: What Hard Money Lenders Require.
Video transcript
Lightly edited for clarity.
Take a look at this here. This person is looking for someone else to take all of the risk in their deal and for them to take none of the risk because they have a great team.
Listen guys, 100% financing does exist, but you still need liquidity. You still need decent credit, because the lender's got to know that you're going to pay them back. You don't necessarily have to have experience. You can get 100% funding on a fix and flip without experience — there's just a few more hoops to work through. We've done it before.
I prefer that a borrower put at least 10% down. It just makes the deal a lot easier. That's just my honest opinion.
That being said, it's really easy to build up 20 or 30 grand these days on the internet, especially in real estate. Go wholesale — there's people ready to buy your contracts. Don't come to a lender when you have zero money, because it also shows that you're not resourceful.
There's money everywhere in this game. You just have to figure out which way you want to go. Don't approach a lender with this type of topic or this type of intro.