Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated over 4 years ago on . Most recent reply
Is there a way of using OPM to flip a house without using my own?
I know this may sound crazy but I found a great deal in a growing neighborhood. I was advised by an investor to ask a family member for a hard loan to be able to flip my first property and possibly split the profits ( about15,000 to 25,000 each of us). His answer was no because he's scared of what might come of the market as a consequence of what's happening in DC. Now, I have very little money to put into this property myself but I am confident in my abilities to profit from this. What are the chances of getting into this deal with a lender without using any of my own money?
Most Popular Reply

None.