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Updated 8 months ago on . Most recent reply

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Corey Dutton
  • Lender
  • Salt Lake City, UT
169
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714
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Are 100% Financing Loans for Rehabs a Scam?

Corey Dutton
  • Lender
  • Salt Lake City, UT
Posted

There’s a few of rehab/fix and flip lenders out there offering 100% financing, no money down. This seems too good to be true. Has anyone here had an experience with one of these lenders that promises 100% on rehabs? I’ve yet to see one that’s real. Please share your experiences with any of these lenders.

  • Corey Dutton
  • Most Popular Reply

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    Ned Carey
    • Investor
    • Baltimore, MD
    12,725
    Votes |
    16,434
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    Ned Carey
    • Investor
    • Baltimore, MD
    ModeratorReplied

    It doesn't sound so much like a scam to me as marketing gimmick to get business. I would fund a deal 100% if it was good enough. But "good enough" would be a mighty tough standard to meet.

  • Ned Carey
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