100% fix and flip program details
100% LTC fix-and-flip program details — credit expectations, market requirements, cash on hand, and what makes a high-leverage file easy to approve.
Want the full breakdown with underwriting details, FAQs, and next steps? Read 100% LTC Fix & Flip Program: Details for Investors.
Video transcript
Lightly edited for clarity.
We've been sending a lot of marketing material out about the 100% LTC program, and people want details. So I'll give you the high-level details. Obviously, the deal matters itself, but long story short, there is no minimum credit — but obviously if you're rocking a 500 FICO and you have no cash, it's a low probability that you'll complete the deal and pay it back on time. That's just the reality of it.
Good major metro market with solid comps — that's one of the big ones. We'll look at rural case by case, but there's got to be a clear exit and market data supporting your ARV.
You still do need cash on hand. You've got to pay closing costs, you've got to make monthly payments, you've got to get the rehab started. So zero cash, even though it's at 100% LTC, will not get it done.
The best deals — the easiest deals to get approved — are rehabs around 30 to 40% of the purchase price. Heavy rehabs are going to be looked at very tightly. I know that doesn't give specifics, but if you submit a deal, I'll get you an answer right away.