100% financing for real estate deals with bad credit

Flipper/Rehabber · Brooklyn, NY · Member since 2017 · 1 post · 0 votes

Is it truly possible to find hard money or private money that will finance 100% of a real estate deal if you have bad credit?

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Attorney · Akron, OH · Member since 2016 · 535 posts · 389 votes

Anything is possible. So, someone might be dumb enough to lend money on those terms.

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James Galla
Attorney · Akron, OH · Member since 2016 · 535 posts · 389 votes
7y
Anything is possible. So, someone might be dumb enough to lend money on those terms.
2 Reply
DJ M.
Realtor · Southeast Michigan · Member since 2017 · 232 posts · 180 votes
7y
Theoretically, yes. In practice, 100% no. Fix your finances first, then worry about real estate. Its not a get rich quick scheme, its a slow grind to wealth.
1 Reply
Don KonipolBusiness Member
Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
7y
@Cedric Holmes
You can get a private loan with bad credit, but you’d most likely need a large down payment.
Private Mortgage Financing Partners, LLC
Website View Page
0 Reply
Ryan R.
Realtor · Riverside, CA · Member since 2015 · 28 posts · 30 votes
7y
Probably not, however, with private money anything is possible. I just helped a client without consideration of personal credit, based solely on the numbers for the deal and it was structured as a combination of JV and loan. This is unusual and the purchase price was well below the market price for property in similar condition (total gut). The client gave up equity to get the deal done, but, it was done.
0 Reply
Sharon Rosendahl
Investor · Quilcene, WA · Member since 2017 · 230 posts · 169 votes
7y
If you find it, likely it will have a high cost.
0 Reply

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