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Investment property

Fix-and-flip financing

The short answer Fix-and-flip financing is short-term investment financing that can fund the purchase and eligible renovation of a property you plan to resell. Lenders may look at the purchase price, rehab budget, your experience and the expected after-repair value. Renovation money is often paid out in draws as work is completed, not all at closing.

Last reviewed: October 18, 2026 · General education, not a loan offer or approval. Availability and terms depend on the lender, the property and your file.

It may fit if

  • You are buying an investment property to renovate and resell.
  • You have a realistic scope of work, budget and timeline.
  • You have cash for the down payment, carrying costs and any gaps between draws.

Tradeoffs to weigh

  • Rehab funds are often released in draws after inspections, not upfront.
  • Carrying costs continue if the sale takes longer than planned.
  • Extensions may cost extra or may not be available.
  • It is a business-purpose loan, not for a home you plan to live in.

What to have ready

  • The purchase price and the property's current condition.
  • Your renovation scope, budget and timeline.
  • Your past renovation or flipping experience.
  • Your exit plan: sell, or refinance and hold.
  • Whether you'll live in the property (if so, ask about owner-occupied renovation options instead).

Questions people ask

Do I receive all renovation money immediately?

Not necessarily. Confirm inspections, draw timing, reimbursement rules and the cash you need upfront.

What if the sale takes longer?

Carrying costs continue, and an extension may involve fees or may not be available.

Your next step

Tell me what you're trying to do. I'll check which options fit your situation and walk you through the tradeoffs.

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Related topics

Conventional investment property mortgage DSCR rental loan Short-term rental financing Bridge financing Hard-money and private-money financing Portfolio or blanket financing See the loan programs All topics
Marcus Wright
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You work with me, start to finish.

Marcus Wright · Loan Officer, NMLS #2789841

Originates through Q Mortgage LLC, NMLS #2567464. Licensed in Texas.

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I aim to get back to you within a few working hours, often sooner.

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How it works

  1. 1. Tell me your goalCall, book a time or send a note. No SSN and no credit check to start a conversation.
  2. 2. I compare your optionsI look at your income, property and plans, and explain the costs and tradeoffs of each route in plain language.
  3. 3. Apply when you're readyYou apply through a secure application. The lender's underwriting makes the final decision, and I keep you updated until closing.
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(682) 403-3406Tap to call Pick a timeBook a call on my calendar Weekend timeSat–Sun, 11 a.m.–7 p.m. Central. I confirm it personally. marcus@qmortgage.aiEmail me anytime

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I aim to get back to you within a few working hours, often sooner.

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