If you’re a first-time real estate investor in Texas, the financing side of a flip can feel like a black box. You find a property, you run your numbers, and then you hit a wall trying to figure out how long it actually takes to get funded. At HiFi Hard Money, we get that question a lot. So here’s a straight answer.
What the Fix and Flip Loan Process Actually Looks Like
Most new investors assume financing is the slow part of a deal. With hard money, that assumption doesn’t hold. Our process is built around speed and simplicity, so you spend less time waiting and more time executing. From the moment you submit your application to the day you close, we’re working alongside you every step of the way.
Step One: You Apply
The process starts online. Our application is straightforward and takes just a few minutes to complete. We don’t ask for excessive documentation upfront. Since our loans are based primarily on property value, you’re not jumping through the same hoops you’d face at a bank.
Once we receive your application, we move fast. For new investors working with us for the first time, you can typically expect to close within five business days. Returning investors who have worked with us before can often close in as little as three business days through our Express Lane.
Step Two: We Evaluate the Project
After you apply, our team reviews the property and your scope of work. We focus on the after-repaired value, which is the projected value of the home once renovations are complete. Our fix and flip loans are structured around that number, with financing available up to 75% of the ARV.
We focus on single-family homes in major markets across Texas, including Dallas-Fort Worth, San Antonio, Austin, and Houston. We don’t lend on rural properties, so it’s worth keeping that in mind as you’re sourcing deals.
Step Three: You Get a Loan Offer
We don’t sit on decisions. Our team provides quick project analysis and preliminary loan offers, and most clients have direct cell access to us for fast communication, including off-hours. We’re transparent about every cost involved. Our appraisal cost is what we pay. Our doc prep cost is what we pay. We don’t add administrative fees or underwriting fees on top.
Step Four: Closing
Once the loan offer is accepted, we move toward closing. Fees and interim interest are typically deferred until you sell the property. That means less money out of pocket upfront, which matters a lot when you’re managing a rehab budget on your first project.
Step Five: Draws During Renovation
After closing, you’ll start pulling funds as your renovation progresses. Our draw process is simple. We typically conduct one physical inspection at around 40 to 50 percent completion. Outside of that, photos and videos are usually sufficient. Draw requests are processed with a same-day or next-day turnaround, so your contractor doesn’t have to stop work waiting on funds.
A Few Things Worth Knowing Before You Start
Before you submit your application, have a clear scope of work ready. Know your target ARV and have a realistic renovation budget in hand. We’ll work through the details with you, but coming in prepared speeds everything up on your end.
Also, pay attention to school district boundaries, property adjacencies, and any existing tax exemptions on the property. These factors affect resale value in ways that can shift your projected profit. We share what we know from thousands of projects, including the cautionary stuff, because your success matters to us.
Texas is one of the best markets in the country for fix and flip investing, and Dallas-Fort Worth is especially active. If you have a deal and you’re ready to move, we’re ready to move with you.
Apply now at hifihardmoney.com or call us at (972) 630-6676. A real person will get back to you.
FAQs
How long does it take to close a fix-and-flip loan with HiFi?
New investors typically close within five business days. Returning investors can close in as little as three business days through our Express Lane.
What property types does HiFi Hard Money finance?
We focus on non-owner-occupied single-family homes in major Texas markets, including DFW, San Antonio, Austin, and Houston. We don’t finance rural properties.
How much can I borrow against a property’s value?
We offer financing up to 75% of the after-repaired value, though the exact amount depends on the project.
Does HiFi charge upfront fees?
We’re fully transparent about costs. Appraisal and doc prep costs reflect what we actually pay. We don’t charge administrative or underwriting fees, and many costs are deferred until the property sells.
