Free Investor Playbook

The 2026 Fix & Flip
Investor Playbook

Acquisition strategies, rehab budgeting, bridge loan structures, and exit timing — from a lender that's funded $2M+ in flips.

6 Chapters|6 Real Deals|28 Pages|No Spam

What's Inside

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2026 bridge loan comparison: rates, leverage, and terms across programs

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Rehab budgeting: how to estimate costs and avoid overruns

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ARV analysis: how to calculate After-Repair Value accurately

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LTC vs LTV: understanding leverage in fix & flip financing

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Draw schedules: how rehab draws work and what lenders require

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Exit strategies: sell vs rent vs BRRRR — when each makes sense

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Market selection: where flips work best in 2026

Real deal breakdowns from 818 Capital's recent closings

Deal Economics

Anatomy of a Profitable Flip

Every dollar in, every dollar out — visualized.

Purchase
$200,000
Rehab
$75,000
Carrying Costs
$18,000
Closing (Buy+Sell)
$30,000
Total Cost
$323,000
Sell Price (ARV)
$375,000
Net Profit
$52,000

ROI on Cash Invested: 124%

$42K cash in → $52K profit in 6 months

Financing Options

Bridge Loan Programs Compared

More leverage = less cash out of pocket, but higher rates.

90% LTC + 100% RehabMaximum Leverage
9.5–11%
85% LTC + 100% RehabAggressive
9–10.5%
80% LTC + 90% RehabStandard
8.5–10%
75% LTC + 80% RehabConservative
8–9.5%

Project Timeline

The 6-Month Flip Lifecycle

From close to cash — every month matters.

Close
Rehab
List
Sell
Buffer

Mo 0

Fund & acquire

Mo 1-3

Renovate property

Mo 4

Stage & market

Mo 5-6

Close with buyer

Mo 7-12

Safety margin

Carrying costs accumulate at ~$3,000/month — every month over budget costs you profit

Rehab Planning

Where Your Rehab Budget Goes

Kitchen and bathrooms drive 46% of your budget — and 80% of your ARV lift.

Based on $75,000 total rehab budget

Kitchen
28%$21,000
Bathrooms
18%$13,500
Systems (HVAC/Plumb/Elec)
17%$12,750
Flooring
13%$9,750
Paint & Exterior
10%$7,500
Contingency
14%$10,500

Sensitivity Analysis

ROI by ARV & Rehab Cost

Green = strong deal. Yellow = proceed with caution. Red = restructure or pass.

ARV ↓ / Rehab →$60K Rehab$75K Rehab$90K Rehab
$350K ARV

$40K

95% ROI

$25K

60% ROI

$10K

24% ROI

$375K ARV

$65K

155% ROI

$52K

124% ROI

$35K

83% ROI

$400K ARV

$90K

215% ROI

$77K

183% ROI

$60K

143% ROI

Based on $200K purchase price. Includes $18K carrying + $30K closing costs.

Funded Deals

Real Flips We've Funded

90% LTC / 100% Rehab

Washington, DC

$525,000

Rate: 9.5%

DC metro flip with premium ARV potential. 12-mo bridge IO.

90% LTC / 100% Rehab

Fort Worth, TX

$310,000

Rate: Competitive

DFW suburb with metro spillover demand. Max leverage execution.

12-Mo Bridge IO

Pensacola, FL

$195,000

Rate: 10.49%

Coastal market flip. 4-6% YoY appreciation. Low carry costs.

Get the Fix & Flip Playbook

Bridge loan comparison, rehab budgets, ROI calculators, and 6 real deal breakdowns.

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