Fix & flip loans

A fix & flip loan covers the purchase of a distressed property plus some or all of the renovation budget, on a 6–24 month term. The lender underwrites the deal itself: what you're paying, what the rehab costs, and what the property will be worth when the work is done (the ARV).

Rehab funds are typically held back and released in draws as work completes. When you sell — or refinance into a DSCR rental loan if you decide to hold — the loan pays off.

Flippers at any experience level, including first-timers. Experience affects leverage and pricing, not eligibility — and because a broker shops your file across multiple lenders, a first deal gets placed with a lender that actually wants first-time flippers instead of being auto-declined by one lender's box.

If your numbers are thin, Michael will tell you before a lender does. Thirty years of buying and running hard assets in Southern Nevada makes for a fast, honest read on a rehab budget.