Please Help With Hard Money Numbers

[Daniel Vanhala]

Hi! I am currently doing my first live in flip. In the meantime, I have been saving in an attempt to acquire some rental properties.

Anyway, could someone please help clear something up for me? If a lender offers to pay 70% ARV and I find a house that is listed a $70k with an ARV of $100k - $115k, does that mean no down payment is required? I could cover closing and rehab costs. If you know of anyone that would provide this, please let me know. Thanks!