There are a few funding options to consider for fix and flip loans for beginners. Using your own money through a ROBS is one option that has several benefits, such as no credit check or high-interest rates. If you have a good credit score and equity in your property, you might also consider a home equity loan or line of credit. These options do not have time in business, business credit score, or annual revenue requirements.
Hard money loans may also be an option, but due to higher interest rates, you should explore other alternatives first. While many hard money lenders require you to have some experience fixing and flipping properties, you may still qualify provided you have a solid business plan and connections with experienced contractors or business partners.