100% Financing for Investors, Myth or Reality?

[David Wright]

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. 

[Karen Rittenhouse]

@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.