Free Borrower Resource
Fix & Flip Deal Checklist
Use this before you apply, before you shop term sheets, and before you assume the deal is ready. Most flip files slow down for predictable reasons. This page helps you clean those up early.
Fast-close profile
The cleanest files usually have four things.
Experienced investors with 3 or more completed flips may close in as fast as 5 business days, subject to underwriting, valuation, title, and file complexity.
Deal Basics
Signed purchase contract or clear target basis
Property address and asset type confirmed
Target hold period and exit strategy defined
Borrower or entity name ready for the file
Rehab and Budget
Line-item rehab scope with realistic cost assumptions
Contingency reserve built into the budget
Contractor or project-management plan identified
Draw expectations understood before closing
Value and Underwriting
Local sold comps support the ARV story
The finish level matches the neighborhood standard
The deal still works if the timeline slips
Insurance, taxes, utilities, and sale friction are included
Closing Readiness
Entity documents ready if closing in an LLC
Liquidity available for down payment, reserves, and gaps
Title, insurance, and valuation are treated as real timing items
All assumptions are organized before shopping term sheets
What to do with this checklist
Start with the checklist. Then run the deal through the fix-and-flip calculator. If the numbers still work after financing, hold costs, and a real contingency buffer, send the file over for review.
That sequence is a better use of time than filling out generic lead forms before you know whether the file is actually lender-ready.