100% Financed Flip - What’s the catch?

[Jessica Wygal]

Does anyone have any experience dealing with ‘100% financed flips’?

Looks like several companies offer it but I’d suspect there is a catch.

Dohardmoney.com

Freelandlending.com

Rehabbuilder.net

Are a few I’ve looked at.

[Alex Bekeza]

@Jessica Wygal Almost never worth it.  From the lender's perspective you can guarantee that if their putting up 100% of the funds they're going to take more than their fair share of the proceeds.  

My opinion is that is a better option 100% of the time to find a capital partner to get started.

Of all the ways to get started with little money out of pocket. 100% financing on a personally backed loan has to be the most hazardous.