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Can I Rehab a Property with No Money?

April 3, 2020

If you are trying to break into the house-flipping market, or you simply want to purchase and rehab a home for yourself, you may be wondering what your financing options are. Many people who are renovating a property for the first time don’t have the capital to put down on the property that more experienced flippers may have. But not having cash in hand isn’t necessarily going to throw a wrench in your plans, as there are some financing options available that require little to no money to get started.

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Let’s look at some ways you can finance a rehab project without having a down payment in hand.

Hard Money Lenders

Hard money loans are a great way to get the funding for a rehab project without money in hand. For those flipping a house for a profit, these loans are ideal. Hard money loans often come with a much higher interest rate than a typical loan, so it is important that they be paid off quickly. For investment properties, they are good because they allow for quick access to cash to get the job done, and then can be paid off when the project is complete. Working with a lender who specializes in hard money and rehab loans is always a wise decision, as these loans do not function the same as traditional mortgage loans.


Another way to secure funding for a rehab project is by partnering with an investor. Whether you want to partner with a real estate investor, or just partner with a friend who has capital, partnering can be a good way to fund an investment property. When partnering with a person or a business to secure funding for a property, make sure all details of the partnership are laid out clearly. It is a good idea to have a lawyer draft or look over a contract to ensure both parties are protected.


Wholesaling is another option for investors with no capital up front. In wholesaling, the investor finds a property that is undervalued and puts it under contract. They then go out and find an investor for the renovation who will complete the work and resell the house when completed. The wholesaler makes a percentage of the final selling cost of the home that they negotiated with the investor. Wholesaling is a great way to learn the ins and outs of the business while earning some money to set aside for future investments.

Get Help Financing Your Rehab Property in Maryland

Rehabbing a property without any money upfront isn’t impossible. There are several options available to investors who are low on cash, each with its own benefits and drawbacks. At Maryland Private Mortgage we are a Baltimore hard money lender that specializes in rehab loans. If you’d like to learn more about how one of these loans could benefit your real estate business or help you rehab your ideal property, give us a call today!

The Maryland Private Mortgage Lending Team

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