Do Hard Money Reviews: What Exactly Does 100% Financing Mean in the Fix & Flip World?

Do Hard Money
May 15 · 3 min read

Some money lenders throw around offers for “100% financing” lightly. As a house flipper and renovator, it pays to investigate what exactly lenders are offering.

Before you take them up on this deal, make sure you understand what they really mean. Some lenders will tout 100% financing in their marketing, but what they are actually marketing is either that they will finance the purchase price but not the renovations or that they will finance 100% of the renovations but only part of the sale price.

When looking for financing options for your flip and fix business, offers and marketing from lenders can get confusing. Below, Do Hard Money reviews what exactly we mean by offering 100% financing to house flippers.

100% Funding for Purchase and Rehab

At Do Hard Money, there’s nothing deceptive or sneaky about the phrase “100% funding.” We mean it! Every cent you need to fund both your investment purchase and necessary renovations is yours. However, not every deal will qualify.

Here’s how 100% funding works at Do Hard Money. Say you find a property you want to invest in, renovate, and sell for a profit. Do Hard Money will work with you to calculate the after-repair value (ARV) of the property and will fund up to 70% of the ARV. Do Hard Money reviews each deal and funds those likely to be profitable.

For example, if you pick a property that Do Hard Money estimates has an ARV of $300,000, and you can buy and renovate it for under $210,000, you’ll have every penny of that deal funded by Do Hard Money. That kind of financial support, along with top-of-industry training and home evaluation, can be a huge boost to a house flipping business.

Alternative Financing Options

Not every potential purchase will qualify for Do Hard Money’s 100% financing. Even if you need to spend some of your own money on the deal, you can still make a profit that will cover it in the end. But if you simply don’t have the cash you need upfront, there are other options for financing your house flip.

Do Hard Money recommends trying these sources of money to make up the difference between the loan we offer and what you need to fund your flip entirely:

  • Line of credit: With a line of credit, a bank grants you access to the funds you need. After you sell the property for a profit, you pay off the credit.

If you need some help funding your fix and flip business and would like to discuss what’s possible, Do Hard Money reviews options with real estate investors like you and helps them find the right financing solution. We are happy to work with you and help you get the best deal.

Are you interested in getting funding for your next house flip? Call Do Hard Money for a free consultation today.

Do Hard Money

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Do Hard Money is a hard money loan and private money lender, providing short-term funding for real estate investors.