No, flipping a house generally requires upfront investment. "No money down" strategies, such as borrowing funds or finding a partner to cover costs, still involve some form of financial commitment. Additionally, flipping a house typically involves purchasing a property, making repairs or renovations, and then selling it for a profit, so having some capital on hand is usually necessary to cover the initial expenses. However, there are creative financing methods such as hard money loans that can provide short-term financing for flipping a house, but they come with higher interest rates, fees, and are short term usually from 6-12 months. No experience is necessary to qualify for a hard money loan, but the more you experience you have the better rate and terms you will qualify for.
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October 2023
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