Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

186
Posts
96
Votes
David Wright
  • Lender
  • USA
96
Votes |
186
Posts

100% Financing for Investors, Myth or Reality?

David Wright
  • Lender
  • USA
Posted

It's amazing to me how many requests I get from investors everyday looking for 100% financing for their fix and flip deals and more.  Now what is even more amazing to me is how many lenders and brokers promote their 100% programs knowing most investors will never qualify.  But that is from my experience and I am an account executive with a great commercial broker in this industry.  

I would love to hear about your experience and thoughts on the 100% financing for real estate investors.  Please post away. 

Most Popular Reply

User Stats

623
Posts
615
Votes
Karen Rittenhouse
  • Flipper/Rehabber
  • Greensboro, NC
615
Votes |
623
Posts
Karen Rittenhouse
  • Flipper/Rehabber
  • Greensboro, NC
Replied

@David Wright

I'm also a HomeVestors franchisee so I have the same opportunities (and use them) that @Patti Robertson has!

And I'm partner in a hard money lending company headquartered in Dallas. We absolutely do a ton of loans all up and down the east coast with no money down funding up to 70% ARV. The main requirement is that someone shows us credit score, some liquid funds and some rehab experience, but we also loan to new investors if they can show a bit more liquidity and for 1 extra point in fees.

And we are not alone. It's true - this type of lending is out there, hopefully it's legit (ours certainly is), and Wall Street investors are loving throwing money at this type of investment. Win/win/win.

Loading replies...