Fix and Flip Loans for Beginners
No experience required. Start your first Florida flip with 20% down plus closing costs.
Apply NowCan you get a fix and flip loan with no experience?
Yes. Our program does not require a track record. We look at the big picture: we expect you to do more than one flip, so we finance your first one and the terms get better as you complete more projects. Even with zero experience, we provide the capital so you can launch your real estate portfolio.
What a first-time investor brings
- 20% down plus closing costs on the purchase
- A property under contract, or one you are about to make an offer on
- Your rehab budget — what the renovation will cost
- Your after-repair value — what the property will be worth once the work is done
- Reserves for holding costs: we recommend about 1% of the price for taxes and 1% for insurance
What you do not need: a minimum credit score, tax returns, W-2s or an appraisal. The property is valued in-house.
How your terms improve with every flip
After three completed flips, financing can reach 0% down — 100% of the purchase — and in some cases include the money for repairs. Investors with three flips in the past three years qualify for 100% purchase financing. See 100% fix and flip financing.
A beginner’s checklist before you make an offer
- Know the after-repair value. Look at recent sales of renovated homes on the same streets.
- Use a rule of thumb as a first filter: many investors aim to pay no more than about 70% of the after-repair value minus the repair costs.
- Price the rehab carefully and keep a contingency for surprises behind the walls.
- Count the holding costs: interest, taxes, insurance and utilities for every month you own the property.
- Check the loan limit: the total loan cannot go above 75% of the after-repair value.
- Run the deal through our fix and flip calculator before you sign.
Mistakes new flippers make
The most common one is underestimating the rehab. The second is forgetting the holding costs — every extra month of work is another month of interest, taxes and insurance. The third is paying too much for the property because the after-repair value was a guess instead of a number backed by real sales. Building in a cushion for all three is what keeps a first flip profitable.
How to get your loan
Frequently Asked Questions
Do I need experience to get a fix and flip loan?
No. No experience is required to get started.
How much do I need for my first flip?
20% down plus closing costs, plus reserves for holding costs such as taxes and insurance.
Will you finance the renovation on my first flip?
Up to 100% rehab financing is available on qualifying projects. We will look at your numbers together.
Does my credit score matter?
No. There is no credit requirement — the property and the deal come first.
Do I need to show income?
No. There is no employment verification — no tax returns and no W-2s.
When can I get 100% financing?
After three completed flips, financing can reach 0% down.
What is the smallest loan you make?
The minimum loan amount is $100,000.
How long does it take to close?
Typically 8–15 days once the file is approved.
Ready for your first flip? Send us the deal.
Apply NowCommercial Loans Florida, Inc. · 1155 South Pasadena S, Suite H, South Pasadena, FL 33707 · Call (727) 642-1166 · Monday–Friday, 9:00 AM–5:00 PM EST · NMLS 1283562. All loans are subject to final underwriting; title fees are additional.