OfflineAny suggestions for 100% financing for Rehab loans? Ive heard that if the numbers work well some private lenders would allow the down payment and appraisal fees to be included within their 65-70% lending criteria.
Thank you in advance!
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Esmirna Maloon
You will need to look for either hard money or private money loans. There are hard and private money lenders that will lend you 100% of the purchase price and give you money for rehab if you buy the property correctly. One of the best ways you can find hard and private money lenders is by going to a real estate investment club, you can also do research online,or there are threads on this site that will give you ways to find hard and private money.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Hi Esmirina,
To expand on what eroberts was talking about. Get a good Hard money lender to work with. Here is a great site to help you find that lender.
Here is the hard money site that will allow you to find the right lender for you. Go to www.betterhardmoney.com and watch the introductory video and read the site to get a better understanding on how it works, and if you want to use it then choose the type of account you want, put in the promo code: success95. If you have questions about anything on there go ahead and contact them directly to get all your questions answered. This will be a big help in getting funding for your deals.
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Hope that helps.
Happy Investing,
Shah Ali