5 Simple Tips On How To Flip A House With No Money


If you’re looking to get into flipping houses but don’t have the cash on hand, then this is for you.  You’ll find out how to flip a house without spending any money on it at all.  We’ll talk about finding inexpensive fixer-uppers, the best ways to finance your flips with no money down, and even what kind of properties are least likely to make you lose your shirt. Let’s jump right in!

It’s no secret that houses are expensive, and each generation is going to have a bit more trouble than the last building enough capital and credit to be able to purchase their own home. However, in unison with the increased cost of homes is an increase in the ways we can earn money. The pandemic was a great example of adapting and overcoming, with more than half of U.S. companies instituting some sort of work-from-home set up in the midst of stay-at-home orders and other legislation put in place to stop the spread of the virus. 

Just as remote work is a trend that serves as a way to save businesses money (i.e., brick-and-mortar expenses), house flipping is becoming easier and remaining profitable, even for many individuals who did not think they would ever be able to break into the industry because they couldn’t afford their first house. Luckily, banks see money in house flipping as well, and you may be very pleasantly surprised with the options available to you for financing a house flip. 

Tips On Flipping Houses Without Spending Your Own Money

Even if you don’t have a penny in the bank, there are ways to start making house flipping your secondary (or even primary) income, and here’s a look at some tips for doing so. 

Tip 1: Self-Evaluation of House Flipping Plan With No Money

First, you need to figure out what you want out of a potential house flip. Are you just bored? Because the proverbial juice may not be worth the squeeze if you’re only planning on being a hobbyist or only doing one house. If you’re convinced you can make some real money flipping houses (which you should be) and have the ability to convey that confidence to potential lenders, you can make this happen with virtually no money in the bank if you’re willing to have a profit curve that starts pretty low. 

Tip 2: Understand the Up-Front Costs of House Flipping

The beauty of house flipping, and more specifically the lending surrounding it, is that all parties involved know that house flipping allows for a very fast ROI. With the right contracting personnel and a schedule that demands fast results, a house flip can be done in weeks. With that, the major startup cost for a house flipper is the money to buy your first house. If you were becoming a barber and were looking for loans to buy a salon, investors would have to weigh out the fact that your business model isn’t going to bring in any lump sums of cash. 

For house flipping, on the other hand, your investors know that their investment is going to be paid in full, with some hefty interest, in a short amount of time so long as you don’t screw up. This “quick turnaround” promise to investors can generally take the place of having a lot of money to put down, or a lot of relevant collateral. The house is instant collateral even if it happens to be a failed flip. 

Tip 3: Find Where The Loans And Financing are.

There are several ways to get money for your first house flip, especially if you let potential investors know that you mean business and are in the game to make money for yourself (which means money for them). Most regular realtors stand to make a few more bucks off of a family that is moving into a home to live in, but wholesale housing, foreclosures, and government-run auctions are all places where people are just looking to sell and move on. These homes should be your targets for flipping. 

Tip 4: Use Crowdsourcing To Flip A House With No Money

Once you find a house or houses that you want to flip, it’s time to look for money to purchase it. Crowdsourcing is actually quite a popular means of securing house flipping money, and should definitely be considered. Interest is pretty low, but it also takes time to get all the “mini investors” to commit, meaning you could potentially lose a bid on the house if you don’t start this step early. Popular sites like GoFundMe can work, but generally don’t have an investment promise, just a donation, making it almost impossible to secure money from people you don’t know. Groundfloor is a crowdsourcing site made for home buying and selling, and there are other similar options. 

Tip 5: Find a Private Money Lender for House Flipping

Private lenders offer the same “upfront costs” options as crowdsourcing, but you only have to deal with one or two people when paying back the loan and interest. Private lenders are also generally more open to negotiations, and if you really want to put all your eggs in the flipping basket but are having issues with loans, you can make private lenders contractual promises that anyone in their right mind would consider. This means your profits will be very small to start, but being able to make any amount of money without any real investment is always a great option. 

Stay confident, stay informed, and don’t be afraid of very high-interest rates, because if you flip the house fast, you pay the investors fast!

Wrap Up: How To Flip A House With No Money

So you’ve decided to get into house flipping. That’s great! We know that the idea of turning a profit on your own investment can be very enticing, especially if you are living paycheck to paycheck and would like an opportunity for financial freedom. Remember, this is not a get-rich-quick scheme. It takes hard work, perseverance, and long hours to be successful in this business. However, once you learn the ropes of what it takes to flip houses with zero dollars down and no real cash out of your pocket, you can start making money right away.

Still unsure about diving in headfirst? Do you want to learn more? Take our course instead so you can learn everything about House Flipping without having to read anything!

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Rubi Tinoco

Rubi Tinoco is a believer in infinite possibilities and the founder of Megafox Properties and Autopilot Flipping.

She now guides other companies and individuals to become successful in flipping. In 2018, she created Megafox Properties. In her first year she started wholesaling and flipping. She was working in her business full time doing everything herself.

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