Why Should You Get A Fix And Flip Loan?

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Key Points

Step 1: Calculate ARV:

  • Start with market comps:


  • Same bedrooms, bathrooms, and square footage.
  • 0.25 miles and 30 days for the most accurate data.
  • Expand gradually to 1 mile and 60 days if necessary.


  • The Black Book Advantage:


We fund based on ARV, giving you more leverage to make deals work.


Step 2: Estimate Rehab Costs:

  • Break it down room-by-room:


  • Measure square footage.
  • Identify fixtures, doors, and flooring upgrades.


  • Include:
  • Labor, materials, permits, and a 10% contingency buffer.


The Black Book Advantage:


 Flexible disbursements ensure you get funds when you need them to keep projects on track.


Step 3: Evaluate Profitability:

  • Use the formula: ARV - Purchase Price - Rehab Costs = Profit.
  • Aim for a 20-30% profit margin for both you and your lender’s confidence.


The Black Book Advantage: We look for strong ARVs and well-documented rehab budgets to streamline approvals.


The Black Book Advantage


  • ARV Focused Financing:
    "We prioritize the After-Repair Value of the property to maximize your borrowing power. This means more funding for your deals and bigger opportunities for profits."


  • Rehab Budget Support:
    "Need clarity on estimating rehab costs? We’ve seen it all—our process ensures you can submit realistic, detailed budgets that lenders love."


  • Built-In Flexibility:
    "Unexpected costs happen, which is why we support you with flexible funding solutions and quick disbursements for rehab expenses—keeping your project on track."


In Layman’s Terms:


"With Black Book Lending, we’re not just funding your project; we’re helping you plan,

 budget, and execute like a pro."

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