Learn 9 Ways to Start Flipping Houses With No Money

9 Ways to Flip Houses When You Don’t Have Any Money or Credit

There is no requirement for an investor to fund a deal with their own money. As it turns out, today’s investors have various options for funding a deal, none of which require you to utilize funds from your own wallet.

In fact, when it comes to real estate investing, it’s pretty easy to argue that using other people’s money is the gold standard.If nothing else, private lenders, hard money lenders, and any house flipping investor looking to make money are all possible choices to look into for your next venture. Here are a few resources to assist you in learning how to flip a house with no money:

1. Private Lenders

2. Hard Money Lenders

3. Wholesaling

4. Partner With House Flipping Investors

5. Home Equity

6. Option To Buy

7. Seller Financing

8. Crowdfunding

9. Live-In Flip

1. Private Lenders

Private lenders are frequently the most important source of capital for an investor. After all, private money lenders are essentially banks without the endless red tape that most traditional lenders have become notorious for.

Private lenders, on the other hand, are anyone with a few extra bucks in their pockets, a desire to invest, and a proclivity to have their “ears bent.” Perhaps more crucially, they are not affiliated with a financial institution or a government-sponsored organization like Fannie Mae or Freddie Mac.

That’s a crucial distinction to make since it means they can set their own rules. With the opportunity to define their own criteria, private money lenders often come at a high cost; it’s not uncommon for their fees to range between six and twelve percent, but I digress.

While the average private money lender’s rate is slightly higher than that of a regular lender, the money can be in an investor’s hands in a matter of days or even hours. The main advantage of working with private money lenders is the speed with which projects can be implemented.