Can I request a review if I have never completed a flip?

Yes. First-time investors can submit a scenario. Review considers the property, supported value, repair scope, contractor capability, available cash, and exit. Being a first-time applicant does not guarantee approval or a particular loan amount.

Does financing the rehab mean I need no cash after closing?

No. Rehab funds may be held back and reimbursed after work is completed and inspected. Plan for contractor bills before reimbursement, carrying costs, and overruns. Ask how your proposed loan handles draws, fees, interest, and reserves before committing.

What if I want to keep the property as a rental?

State that plan in your submission. An acquisition and rehab loan needs a credible repayment path. A later rental refinance depends on rent, property value, expenses, and the requirements of the takeout loan; it is not assured by the initial review.

First-time real estate investors

Prepare to fund your first flip.

Bring the property, repair budget, and available cash. Request a review of the financing fit, cash needs, and information needed to move your first deal forward.

I have a property — submit my deal Still looking — prepare my first flip

What a useful first-deal review covers

Financing fit. Match acquisition and repair funding to a sale or rental-hold plan.
Your cash requirement. Separate closing funds from the money needed to keep work moving.
Missing information. Identify the budget, value, contractor, or document questions that need an answer.

A scenario review starts the conversation. Loan amounts, terms, and eligibility depend on underwriting; a submission is not an approval or commitment to fund.

A good starting point

You have a non-owner-occupied investment property in mind, repairs you can explain, and a plan for who will complete them.

Supportable comparable sales for the proposed finished value.
A contractor bid or a clear plan to obtain one.
Accessible funds for your contribution and project reserves.
A realistic sale or refinance exit, including time for delays.

A manageable first scope helps make the plan easier to price and execute. Flag structural work, occupancy, permits, and access issues early.

Plan for four uses of your cash

The down payment is only part of the picture. Work through each item using your actual budget and proposed funding schedule.

1. Closing contribution

Your equity, fees, and prepaids, less deposits already credited. Confirm how any rehab holdback affects the closing wire.

2. Carry through the exit

Interest, taxes, insurance, utilities, and upkeep through repairs and the sale or refinance. Include a delay scenario.

3. Repair contingency

Cash for work beyond the approved budget. Tie the cushion to the property's condition and unresolved scope questions.

4. Cash before draws

Contractor and material bills that come due before an inspected draw is reimbursed. Check the largest overlapping payment gap.

Reconcile any lender-required reserves with these categories so the same cash is not counted twice. Start with the first-flip cash worksheet.

Make the first submission useful

Property and stage: address, asking or contract price, and the real closing deadline.
Work and value: repair estimate, contractor status, and comparable sales supporting your finished value.
Cash and exit: available funds, any other financing, and whether you plan to sell or keep the property.

Tell us this is your first flip and flag estimates or missing items. Have the contract, line-item scope, bids, entity documents, and liquidity evidence ready for follow-up through the appropriate intake process.

Use the tools before you submit

Model the flip's costs and profitTest a lower sale price and a longer hold.
Prepare a line-item scopeConnect contractor bids to the proposed work.
Understand rehab drawsCheck when bills are due and when funds can release.
Check the full loan requirements

Already own a commercial asset and need to refinance it? Use the commercial real estate refinance review.

Before your first flip submission

Can I request a review if I have never completed a flip?: Yes. First-time investors can submit a scenario. Review considers the property, supported value, repair scope, contractor capability, available cash, and exit. Being a first-time applicant does not guarantee approval or a particular loan amount.
Does financing the rehab mean I need no cash after closing?: No. Rehab funds may be held back and reimbursed after work is completed and inspected. Plan for contractor bills before reimbursement, carrying costs, and overruns. Ask how your proposed loan handles draws, fees, interest, and reserves before committing.
What if I want to keep the property as a rental?: State that plan in your submission. An acquisition and rehab loan needs a credible repayment path. A later rental refinance depends on rent, property value, expenses, and the requirements of the takeout loan; it is not assured by the initial review.

Choose the next step for your first flip

Have a property? Send the scenario with your best available numbers. Still searching? Build your cash plan and preparation checklist first.

I have a property — submit my deal Still looking — prepare my first flip

Or call (833) 264-7776