Lending for beginners

[Cody Schelsteder]

Is it impossible to find a private lender to fund the full cost of a fix and flip? From purchase to rehab? I've been finding deals for the past year that i keep getting beat out on by people with cash offers. Is my best option to try and wholesale and build capital or is there any funding willing to take a chance on a beginner? 

[Doug Smith]

Hi @Cody Schelsteder. It's true...no institutional lender that I know of will do a no-money down investment deal. Default rates for such loans are simply too high. It would have to either be an individual with some money or, better yet, find a capital partner that can help inject some capital. Once you get a few under your belt, you'll have capital and a track record. Institutional lenders can then be a great help for you to scale.