How to ask the bank to fund 100% of purchase / rehab cost?

[Jonathan Bivas]

Hey guys!

My girlfriend and I just closed on our first home. We bought a condo for the two of us to live in which has been a wonderful and exciting process. I wanted to house hack but she wasn't loving the idea :/ however, she is extremely supportive of my real estate investment interests and we were looking into purchasing a single family or duplex to rent out.

After buying our house, we have depleted the majority of our savings / reserves. This wasn't a BRRRR angle since it's our own home and was basically turn key with pretty new renovations.

My point is - how can I ask a bank to fund 100% of a real estate investment deal? Even with a deal sheet that shows promising returns, I feel like they would just turn it down unless I had the right strategy. Does anyone have experience asking a bank to fund 100% of a BRRRR deal? If so, how did you go about asking them and what were the little things that made them say yes?

Thanks in advance for all your help!

[Tanner DeHart]

Hey @Jonathan Bivas , so a traditional bank will not lend you 100% LTV. But you can still technically finance 100% of the purchase by getting a 80% loan from the bank and then using a HELOC or home equity loan from you and your gf's condo for the remaining 20%, so technically the purchase is 100% financed and you wont have to be any cash out of pocket. Only way you would be able to get someone to put up the whole 100% of a purchase is a hard money lender(short term solution, mostly used for flips or BRRRR), or a private partner if your going long term with the deal.