Flipping houses is a lucrative business for many full-time flippers. It also provides considerable side income for part-time house flippers. If you watch HGTV on any given day, it is likely that you will come across several shows where property investors take dilapidated homes, which are eyesores, and then convert them into jaw-dropping and chic abodes. Not only that, but they also manage to make a profit after some major renovations.? This is the world of house flipping.

What Is House Flipping?

Flipping is a quick-profit strategy where an investor buys real estate at a discounted price and then improves the property to offload it at a better price. Rather than buying a property to live in, you are purchasing a home as a real estate investment. It is worth mentioning that the main goal of flipping is to purchase low and sell high.

Flipping houses can be an extremely lucrative strategy, especially if the real estate market is performing well. Note that foreclosures and old homes are popular properties to use in house flipping. This is because most real estate investors can buy these properties fairly cheaply, improving their potential profit.

Can real estate investors actually flip houses without any money down? The answer is yes. If you want to flip a property but don’t have enough money for a down payment, don’t worry. There are options that will allow you to easily enter the house-flipping market.

Here are three great options to help you flip homes with no money.

1. Hard Money Lenders

If you are not content with parting with a significant amount of money upfront to buy real estate, then a hard money loan can be the answer. Hard money lenders are people who lend money to others at a high interest rate and often charge points on top of that. (daha&helliip;)

There are a few options for zero down payment home loans. Learn about them here in the last installment of the ABCs of Mortgage.

Zero Down Payment Home Loans Exist?

Z is for zero percent down. Yes, that’s possible with a few different loans. VA loans, USDA loans and some FHA loans allow you to finance the entire loan without paying anything as a down payment, if eligible.

But How?!

The government wants as many people as possible to be able to buy a home. Let’s face it: homeownership is good for the economy! So to make it possible for more folks to own homes, there are programs to help those who might have difficulty putting together the traditional down payment of 20%. “What’s the catch?,” you ask. You may have to purchase an insurance premium, which will get factored into your monthly payments. While it may end up in a bit more that you’re paying each month, you won’t have to worry about several thousands upfront to invest in a home and start building equity.

Zero Down Payment Loans

The main loan options for a zero-down option are VA, USDA and FHA loans.

VA Loans

Yes, a VA loan is specifically for veterans. And if you are an eligible veteran, service member or family of a vet, you could have 100% financing* for a home loan, where you’d need no money for a down payment. However, be aware that there may still be VA-permissible fees or costs associated. (daha&helliip;)

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Private-label mortgages are making a comeback.

The past year has been particularly good for the mortgage banking industry. The COVID-19 pandemic prompted aggressive action out of the Federal Reserve, which cut benchmark interest rates to zero and reinstated bond- and mortgage-backed security purchases. The mortgage banking industry had its best year since 2003, and a slew of mortgage originators took advantage of the good times and went public.

The latest mortgage bank to go public is Angel Oak Mortgage (NYSE:AOMR) . It has a different business model than most of the other public mortgage banks, so it pays to understand what it does.

Non-qualified mortgages are a little different

Angel Oak is a real estate finance company that focuses on non-qualified mortgage (non-QM) origination. These loans are different than the typical mortgage originated by companies like Rocket or UWM Holdings. Those companies focus on loans that are guaranteed by the U.S. government. Non-QM loans have characteristics that make them ineligible for a government guarantee. The most common reason for this ineligibility is the borrower’s income. Some self-employed borrowers may find that tax returns understate their income. Others want to rely completely on rental income to make the mortgage payments. Since these loans are not guaranteed by the government, the lender is exposed to credit risk. (daha&helliip;)