Most people believe that you need money to make money. For the most part, that is accurate. However, there is a way to fix and flip a house with no money down—you just need the right lender.
Investors typically achieve flipping houses in Arizona with no money down by wholesaling properties and using their own money. Good news! That is not the only way. Another way to flip a house with no money down is to find a lender that offers 100% financing. Hard money investors are the “go to” when it comes to rehabbing a property. Their application process is simple—usually a borrower can apply online and be approved within 24 hours. Once approved, funds are typically available within 10 business days.
Many people new to flipping houses in Arizona believe they have to have a large amount of money saved to get started. However, that is absolutely not true. The only absolute you must have is funding. Arizona Hard Money Lenders make it very easy to borrow money to rehab and sell a property.
Arizona Hard Money Lenders are lenders who have liquid capital and they are looking for profitable investments. However, there won’t be investors calling you on the phone and knocking on your door. You have to find them and approach them with your investment proposal.
Arizona Hard Money Lenders will typically loan with a higher interest rate than a traditional bank and their loan terms are much shorter. Most Arizona Hard Money Lender’s terms are 12 months to 3 years at between 7.99% to 15% interest. They base their lending on a loan-to-value ratio. Arizona Hard Money Lenders are a fantastic place to start your real estate career.
It is important you evaluate your tolerance for risk before taking out a loan from an Arizona Hard Money Lender. Have a plan B ready in case the house doesn’t sell as quickly as you hoped. Do your research on local real estate costs, rehab costs and permits needed. Flipping houses in Arizona has four basic parts: find the property, purchase the property, rehab the property, sell the property. An Arizona Hard Money Lender will work with you on funding all parts of the process.
It is true that many people have oversimplified the house flipping goldmine. Data proves that very few house flippers are using their own cash—the majority are taking out loans and many of them with 100% financing. Each case is different and each lender is different. If flipping houses in Arizona is something that has sparked your curiosity, find an Arizona Hard Money Lender and see if you can qualify for no money down. One major benefit is Arizona Hard Money Lenders do not focus on a borrower’s credit worthiness or monthly income. The loan is based on hard assets—property. Flipping houses in Arizona is highly profitable when done correctly.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters and 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.