The Trusted Home Buyer Logo602-456-4440

4 Ways to Flip Houses With No Money in AZ

a person smiling for the camera

Martin Boonzaayer

December 4, 2019

Have you always wanted to get into the house flipping business but had no idea where to start without any money? Don’t worry, people do it all the time!

Many people are able to start with nothing and build their own real estate empire from the ground up! In this article, we will discuss 4 ways to flip houses with no money in AZ.

4 Ways to Flip Houses With No Money in AZ

You might think this sounds impossible, but people do it every day. If you want to flip houses with no money, you will need to do your homework and educate yourself on the process and what methods of funding are going to be the best option for YOU!

You should create a business plan outlining exactly how you intend your house flipping venture to work.

Find Some Partners

Find Business Partners

Think about who you know who may want to invest. Even think about people you don’t know, but could pitch your investment idea to. This could be a friend, family member, business associate or possibly another real estate investor who would be willing to partner with you.

Once you have shared your strategy with your prospective partner, you can arrange for them to finance the deal, while you do all the work to get the job done.

Loans – Hard Money & Private

Getting a loan, whether hard money or through a private lender can be a great strategy for securing the cash you need to make a property investment. A private money loan is a great method as there are many people out there, with money just sitting in their bank accounts, waiting to invest with you.

They just don’t know it yet. If you can present a tangible plan and reasons why they should invest with you, you will be able to find a private money lender who is ready to invest with you.

A hard money loan is also a great way to get the cash you need fast. However, the thing with hard money loans is that they often come with a high-interest rate as well as points. Because of the high-interest rates, hard money loans are great for a property you know you can flip fast.

They allow you to get the money you need quickly, just ensure you pay it back as soon as possible.

Use What You Got

Even if you don’t have an abundance of cash at your disposal, you might have other assets you can use to secure the financing you need.

You can use a home you own, your IRA or retirement accounts and even your 401k to help get a line of credit. If you tap into any of these accounts for a down-payment, beware of the associated risks, and tax penalties for pulling out money early.

Mix & Match

Even if you can’t get all of the funding you need using the methods above, you can mix and match the methods to achieve your goals.

Maybe a rich aunt will loan you part of the downpayment, and you are able to pull the remaining amount from an IRA. Or maybe you partner with an avid local investor, only investing a small amount you borrowed through a hard money loan.

However, you decide to invest, do your research and keep in mind all of the potential streams of credit that might be available to you!

Are you ready to begin your adventure flipping houses? Our awesome team can help you get started today! Click here to fill out our form, or give our office a call today! 866-488-9923

Explore more

December 21, 2023
Should You Sell Your Home During The Holidays? 

The holiday season is often associated with warmth, joy, and celebrations. While many homeowners might be hesitant to put their homes on the market during this festive time, selling your home during the holidays can actually be a strategic move. In this blog post, we'll explore the benefits of selling your home during the holidays […]

Read More
December 8, 2023
Pros and Cons Of Selling Your House 

Selling your house is a significant decision that comes with both excitement and challenges. Whether you're looking to upgrade, downsize, or relocate, understanding the pros and cons of selling your house is crucial for making informed decisions. In this blog post, we'll explore the various aspects of selling your home to help you navigate the […]

Read More
December 8, 2023
10 Must-Have Upgrades For Your Home in 2023

If you ever wanted to upgrade your home in a smart way, then 2023 is going to be the year for you! With the latest technologies and designs, there are so many ways you can update your living space. From smart appliances that make life easier to energy-efficient lighting fixtures that save money, these must-have […]

Read More
November 10, 2023
10 Ways To Sell Your House in AZ

Selling your house in Arizona can be a challenging task, given the competitive real estate market and diverse buyer preferences. To ensure a swift and profitable sale, it's crucial to adopt effective strategies tailored to the unique characteristics of the Arizona market. In this blog post, we'll explore ten proven ways to sell your house […]

Read More
The Trusted Home Buyer Logo
Copyright © The Trusted Home Buyer
WE BUY HOUSES IN:

4.7 67 reviews