What is the difference between fix and flip and fix and hold?

Flip exits by selling. Hold exits by renting and often refinancing.

Do I need tenants before the refinance?

Many DSCR programs want a lease or market rent. I will tell you what your exit lender needs.

Sometimes. Experience rules vary by program.

No. Investment and rental property only.

12.4 business day average to clear to close

By Travis Penny, mortgage broker · Last reviewed October 15, 2026

Last updated October 15, 2026

Start with my fix and hold and BRRRR loans page for the full funnel.

Short term investor financing when the exit is to rent, not flip.

Buy, rehab, rent, refinance, repeat. The bridge covers rehab. The refinance is often a DSCR loan based on the new rent.

Use my DSCR calculator before you buy so the refinance math is real.

What is the difference between fix and flip and fix and hold?: Flip exits by selling. Hold exits by renting and often refinancing.
Do I need tenants before the refinance?: Many DSCR programs want a lease or market rent. I will tell you what your exit lender needs.
Can a first time investor do BRRRR?: Sometimes. Experience rules vary by program.
Is this for a primary home?: No. Investment and rental property only.