How Much Down Payment Do You Need for a Fix and Flip?
Most fix and flip lenders fund up to 90% of purchase, so plan on roughly 10% down plus closing costs and your share of rehab. Here's how the cash adds up.
On a fix and flip, plan on roughly 10% of the purchase price as a down payment, plus closing costs. Lenders fund up to 90% of purchase and up to 100% of the rehab, so the purchase down payment is usually your biggest cash item.
What you actually bring to closing
- Down payment — about 10% of the purchase price.
- Closing costs — title, valuation, legal, and lender fees (points).
- Rehab carry — you typically fund each rehab stage and get reimbursed by draw, so you float the work short-term.
- Reserves — a cushion for overruns and carrying costs.
How to reduce your cash in the deal
Buy further below market so the equity offsets cash, or bring a partner or private money for the down payment. Experienced flippers can also earn higher leverage, which lowers the down payment.
Frequently asked
What is the least I can put down on a flip?
Is there such a thing as a no-money-down flip?
Does my credit score change how much I have to put down?
How much down do you need for a fix and flip loan?
Do fix and flip lenders fund the rehab?
Can you reduce the down payment on a flip?
Rates, leverage, and timelines mentioned in this guide are typical figures, subject to underwriting and market conditions. Not a commitment to lend. Nothing here is legal, tax, or investment advice.
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