Learn 9 Ways to Start Flipping Houses With No Money

Where Can I Find Hard Money Lenders?

Hard money lenders can be found all across the country; you just need to know where to look. The simplest method to find them is to look for hard money lenders in your neighborhood online. You will find contact information for companies who operate with hard money loans in this section.

Attending real estate investor meetings is an excellent approach to networking with hard money lenders interested in working with potential borrowers. You can also contact other real estate professionals in your network who have worked with these lenders or know of a contact you can contact.

3. Wholesaling

Wholesaling houses allows investors to make a lot of money in a short period of time, making it an excellent vehicle for house flipping. Finding properties for sale, putting them under contract, and finally assigning the contract to a new buyer are all steps in the process.

Wholesalers are paid a percentage of the final sale, which is usually between 5% and 10%. Because the wholesale process does not require the purchase of properties, it is an excellent way to get started in real estate without the need for finance.

One thing to keep in mind as you pursue this path: wholesale properties do not appear out of thin air, and neither do purchasers. While this is a highly profitable business, investors must take an active role in order to win.

This necessitates monitoring the market, networking with potential purchasers, and knowing how to negotiate contracts. Investors, on the other hand, will be well on their way to getting their first rehab property if they put in the necessary work to thrive as a wholesaler. When an added plus, the skills, and relationships required for wholesaling will undoubtedly come in handy as investors proceed into property flipping.

4. Partner With House Flipping Investors

Private and hard money lenders are both good options for investors wishing to flip houses without using their own money, but they are not the only ones.  Partnering with house flipping investors is another approach to flip a house without spending your own money.

It’s certainly feasible that collaborating with someone who is currently flipping houses is your next best option, and there’s no reason they couldn’t give you the financing you require. A money partner, on the other hand, is just as good as a private lender or hard money lender.

Instead of going it alone on your next deal, think about collaborating with house flipping investors. There’s no reason why your partner can’t fund the deal if the right connections are made – as long as you bring something of value to the table.