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Updated over 11 years ago,

User Stats

449
Posts
94
Votes
Mike Nelson
  • Wholesaler
  • Washington, D.C
94
Votes |
449
Posts

Possible to get Hard Money with no money down??

Mike Nelson
  • Wholesaler
  • Washington, D.C
Posted

Ok so i'm ready to get my first rehab underway, I've done enough research and it's about time that I pull the trigger. The only thing that holds me back is "MONEY". I don't want to use my own and the only way to go about this is to use HM.

HM lenders usually loan %65 ARV. So, lets say if I purchase a property thats well below ARV - Repairs - (holding cost) "I know this would have to be a steal" will I be able to secure HM w/o any of my own money?

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