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BRRRR strategy applied to fix-and-flip and investor projects.
Fix and Flip Loans for Investors Who Need Fast Capital
Best for investors with a defined scope, budget, and resale timeline.
Fix and flip loans fund purchase and rehab on a short timeline.
They work best for experienced investors with a clear budget.
We align draws, timelines, and exit plans from day one.
Not a fit if you don't have a clear rehab plan and exit strategy.
Watch: Fix and Flip Loans explained
Video Summary
Fix & Flip loans can finance both the purchase and the renovation, but the deal only works when the rehab scope, timeline, and exit strategy are structured correctly. In this video, Jeremy McDonald explains how Fix & Flip financing is typically set up, how draw schedules work, and what lenders look for before approving the project. You’ll learn how budget mistakes and timeline pressure create delays, what documentation helps the file move smoothly, and how to avoid getting stuck mid project. The goal is clarity upfront, so the numbers make sense before you close.
Who This Is For
- Investors with a defined rehab scope and budget.
- Buyers who need fast closings.
- Projects with a clear resale or rental exit.
- Teams with a reliable contractor plan.
How It Actually Works
Funding is based on purchase price and after repair value.
Rehab funds release in draws after inspections.
We review the scope, timeline, and exit strategy.
Pricing reflects project risk and leverage.
Common Mistakes
- Underestimating rehab costs and timelines.
- Ignoring draw schedules and cash flow timing.
- Choosing leverage that leaves no contingency.
- Skipping a clear exit plan.
Why The Legends Mortgage Team
We work with fix and flip lenders that move quickly.
We structure draws to match your project plan.
You get transparency on costs and timing.
What I Need From You to Quote Accurately
- Purchase price, rehab budget, and target timeline.
- Scope of work and contractor details.
- Exit plan, resale or hold strategy.
Watch VideoFast Pre Check
- Purchase price and rehab budget.
- Contractor details and scope of work.
- Planned exit timeline.
Related Options
FAQs
What is a fix and flip loan? A fix and flip loan is short-term financing used to purchase and renovate a property before selling it.
Do fix and flip loans cover renovation costs? Yes. Most programs finance both the purchase price and renovation through a draw schedule.
How fast can fix and flip loans close? Well-structured deals can close quickly, often faster than traditional mortgages.
When is a fix and flip loan not a good fit? When there is no clear rehab plan or no defined exit strategy.