Fix and Flip in Forney

Only if you buy below where the comps sit today, not where they sat a year ago. Zillow's mid-tier home value index put Forney at $309,592 in July 2026, down 5.2% year over year, and the city's own FY2026 adopted budget states the tax base grew on new construction while existing home values decreased. That is a market where a builder down the street can undercut your resale with an incentive package, so the discipline has to go into the acquisition price. There is no Kaufman County flip-rate or gross-margin series published, so the nearest sourced figures are statewide: a 9.9% flip rate and a 5.6% gross ROI in Q1 2026. Gross ROI there is resale price against purchase price only, with rehab, carry, and financing excluded, so it is not a project return. Run your own deal on the fix and flip calculator before you sign.

Higher than the city's advertised rate suggests, because the county layer is bigger than it looks. Kaufman CAD's 2025 table shows the county at 0.334478, but the county also levies a separate Road and Bridge tax of 0.080635, for a real county layer of 0.415113 that hits every parcel. Add Forney's city rate of 0.421431 and Forney ISD at 1.286900, and a parcel with no special district carries roughly 2.12 per $100 of assessed value, or about 2.24 once the Trinity Valley Community College line of 0.113660 is added. Which parcels carry that college line was not verified account by account, so read it off the CAD record. Investment property gets no homestead exemption and no 10% appraisal cap, so hold your rehab budget to the full stack, not the city's headline number.

It can move a parcel's carry by roughly a full point of tax rate, so check it before you bid. Kaufman CAD's 2025 table lists twenty-one water, utility and improvement districts in the county, several running at or near 1.00 per $100. A parcel inside one of those districts carries about 3.24 per $100 of assessed value against about 2.24 for the same city with no district, which on a $310,000 house is roughly $3,100 a year of extra carry. Windmill Farms alone is split across three separate fresh water districts at three different rates. Confirm the district, or the absence of one, on the Kaufman CAD account for the specific parcel before you underwrite the flip.

The exact fee schedule and a review timeline are not published, so do not underwrite to a specific number. Forney assesses water and wastewater impact fees under Local Government Code Chapter 395, adopted by Ordinance 22-05, plus a separate roadway impact fee, both assessed at platting and collected at building-permit issuance. The city's own FY2026 budget shows Permits and Inspections revenue at $3,094,936 in FY2025, down 45.7% from the FY2023 peak of $5,702,179, which tells you the department has room, not that it is fast. Build a permit-timeline contingency into your 6-month term and confirm the current fee at the counter before you close on a rehab that depends on a fast building-permit turnaround.

A Rental Registration Certificate of Occupancy for every unit, renewed every January, plus an annual inspection. Forney's Article 3.09 has required registration and inspection of every rental unit since 2021, with a $300 annual fee per single-family unit and a $100 re-inspection fee. A change of ownership restarts the clock: the new owner has 30 days to file a new registration and pay the fee, and a tenant may not occupy without a valid certificate. If your fix-and-flip exit is a rent-and-hold instead of a resale, budget that fee and the inspection into your carry from day one, and see our DSCR rental loan for the hold financing.

Not from wind, but hail is the local risk to budget for. Kaufman County sits inland, roughly 200 miles from the coast, so it is not TWIA territory and windstorm coverage is not a separate policy the way it is on the Gulf. Texas statewide, hail is the number one loss peril and 2% wind/hail deductibles are standard, with a preliminary 2025 statewide average homeowners premium of $3,506. No Kaufman County dollar figure has been published, but neighboring Dallas County ran $4,363 and Tarrant County $3,939 in 2025 on the same state dataset, and Kaufman sits inside that same North Texas hail belt. Get a real quote on the roof and the age of the mechanicals before you close the rehab budget.

We fund up to 90% of the purchase price and up to 100% of your rehab budget, with the total capped against the after-repair value (ARV). Rehab money is released in draws as the work is completed.

Our fix and flip pricing starts around 9.99%, interest-only, with origination typically 1 to 3 points depending on your experience, leverage, and the deal, and every quote is subject to underwriting. Across the market most flip loans run roughly 9% to 12%. On most flip loans, including ours, interest is charged on the full loan amount, rehab budget included. Paying interest only on rehab funds as you draw them exists in the market, but it is the exception, not the rule.

No. We work with first-time flippers as well as full-time operators. Experience mainly affects your leverage and rate, since a longer track record earns higher loan-to-cost and better pricing. A newer investor can still get funded with a sound deal, a realistic budget, and a clear exit.

We can get you a term sheet the same day on a complete application, and we typically fund within 48 hours of clear title. The main variable is how fast title and insurance come together, which is why a full close usually runs 5 to 7 days. Because we are the lender and underwrite in house, there is no second layer of approval to wait on.

No. Our fix and flip loans have no prepayment penalty, so paying off early when the property sells costs you nothing extra. Terms run 6 months, and because there is no penalty, selling sooner never costs you extra.

We run credit, but this is an asset-based loan, so the property, your budget, and the ARV matter most. We do not ask for W-2s or tax returns to qualify a flip. We will want to confirm you have reserves to carry the project to its exit.