$0 financing for rehab and flip

[Mark Crowder]

Is anyone financing purchase and rehab costs for a home that is intended to be a flip? Thanks!

[Christopher Phillips]

@Mark Crowder

Under normal circumstances, you can do a purchase and rehab loan using FHA 203(k) if you plan to be owner/occupant. If you qualify, there still would be the usual FHA 3.5% down payment plus closing costs. Sometimes there are other local similar programs.

If you want to go $0 out of pocket, that won't be as easy. You would basically have to raise the money from other sources like friends/family or private funding or hard money loans. But the less you put in out of pocket the harder it is to get financing.