any hard money lenders do 100%

[James Mcardle]

Hello, I never did a flip before by myself. I  was looking up trying to find a hard money lender and came across this website.

 I can see a lot of info on here and will have to do a lot of reading on this website.

 I came across dohardmoney.com I had 720 Credit score til 2014 I had file bankrupcty like year and half ago so I know bank is not going to give loan. I work a lot on bank owned properties as a 1099 contractor for another company . have done work in past fixing up houses for an investor. Basically I know how to do all the work demo, painting, installing new drywall, tile floors etc. Instead just doing work for others I would like to get a cheap property a lot here in NJ and work on it and do a quick sell just not sure wth all these companies online if anyone had any exp with any hard lenders that would do a 100 % loan  houses looking at are like $50-75k and really only need like $15-25k in work and be able to sell for over $140,000.

Also places like auction.com from my understanding these are only cash deals??

Thanks in advance from the knowledgeable folks on here

[Nicholas Hamblen]

I'm currently working with do hard money to try and fund my first flip. They have been decent so far and it definitely isn't "100%" financing because there are some up front fees. The big one, is they want 3k upfront to join their program. This is refundable up to $2,350 dollars, they say they will reimburse the money after you repay your first loan. They use $650 dollars towards paying local experts to evaluate and inspect your property. I would say this was well worth the money, because I felt the evaluations were very professional and helpful. When you find a property you will fill out an analysis form, then they will give an estimate on how much they will fund and how much you will have to pay out of pocket. As of now our property falls into the 100% financing criteria, but that could change pending contractor bids. The way they try and help you finance any amount they will not cover is through gap financing. I think they just show some ways and how to find it but you have to qualify and secure it yourself. Also, unless you are a licensed contractor you cannot perform any of the work yourself. My opinion it seems to be a decent program for beginners. Everyone we deal with seem very helpful. I don't believe they are just trying to get your 3,000 dollars, but you will need to find a solid deal to get low money down financing. I am a newbie, but it's hard to believe that you would find any HML that you wouldn't have to pay some money out of pocket for.