Hard Money Lender Help

[Kelly Webster]

My husband and I are finally ready to take the plunge and buy our first rental property. We always hear from bigger pockets, social media, podcasts, etc about not having to use your own money in a deal. We are pursuing hard money lenders but a lot of them seem to require 10-20% down for a deal which we either don’t have (all of) or simply just don’t want to use. How are you all securing these deals without using your own funds? Is it really true we can do this without using our own funds?

[Nick C.]

If it’s your first deal you won’t find a hard money lender to fund 100%. You'd need a track record of success to get those terms. 
Getting into real estate with no money is not impossible, but unless you have a rich friend or relative willing to give you money with no experience it’s very unlikely. But to your point it sure is talked about online a lot. Generally speaking people pushing that strategy have something to sell you.