hard money lender down payments?

[Rena Figures]

Im new to investing and would like to fix and flip along with some brrrs. I would like to have 100% equity in the homes but dont have much capital, would I be able to get a 0% down or maximum 3.5% down for a hard money loan.

[Chris Seveney]

@Rena Figures

You have two big strikes against you. No experience and no money. With only 3% down what happens if you end up losing money?

A lender is not going to lose money on a deal for you to gain experience

You will need to partner with someone to get experience and at the same time start saving

To answer the other question you typically will need 20-30% down to get hard money