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Updated over 4 years ago,
HML 100% financing for first fix & flip deal?
Hey! So I’m a bit confused as I watch videos and read books on flipping. I’ve also just purchased BP bundle on flipping.
I want to do my first fix & flip this year and I need clarification on where exactly to start. I don't have 20% of a property to put down for skin in the game right now (I'm also looking for a partner who has the funds and/or experience) but I've learned that some HML are willing to finance 100% if the deal is just that good. So do I find the deal first and get it under contract then bring it to HMLs? I understand HMLs are more focused on the deal so how would I go about finding one if I don't have a deal because the first step is finding a HML? I hope I've made this clear. Thank you in advance