To many, it seems like there’s no way you can get started flipping houses without at least a little money of your own.
True, whether it’s buy and hold real estate investing, flipping houses, or any other kind of real estate investing, it is a lot easier to do it with money than without.
Hard Money Lenders Another great source of funding for a deal is the hard money lender.
And when interest is typically between 14 and 20% and often with 4 to 6 points on top of that, hard money loans are especially important to pay off quickly.
Although hard money lenders are a great place to start in your real estate career, there are better sources of funding with better rates.
Private Money Lenders Perhaps the best source of funding for no money deals are private money lenders.
Private money lenders are just regular people with disposable money looking to invest.
In many cases, they may not be actively looking to invest, but they might have funds sitting around and may be open to investing with you—but only if you ask them.
The people you meet at networking events are usually the best starting points for potential partners, as well as funding for your no money house flips.
Form your own local real estate investor’s association If you want to flip houses with no money, don’t wait for them to come to you.