Lansing combines a state capital, Michigan State University next door in East Lansing and a large stock of older, affordable homes. Flippers who handle Michigan's rehab and tax details well can find solid spreads here.
In short: Our top pick for fix and flip financing in Lansing, MI is LendingStreet, because it funds up to 90% of cost and up to 100% of rehab on some programs, closes in as little as 10 days so you can act on Ingham County deals, and gives you a straight path to a 30-year DSCR rental loan if a house rents better than it sells. Loans run from $150,000 to $5M+ on 1-8 unit investment properties, and they are short-term and interest-only. To see your numbers, get a quote with the form below or call (877) 298-1001.
Investors choose LendingStreet because the loans are designed around how flips actually work. They are business-purpose loans on non-owner-occupied 1-8 unit homes, and we lend nationwide in all 50 states and DC.
It fits Lansing flippers working the Eastside and older city neighborhoods, investors buying near East Lansing and in Delta Township, and remote investors who want one lender for flip and refinance.
To start, send the property, price, rehab budget and expected resale value with the form below, or call (877) 298-1001.
Investors searching for fix and flip lenders often compare national names like Dominion Financial, LendingOne, Lima One and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Lansing, MI. In every scenario below, LendingStreet is the best fit.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Inside the city, the Eastside, Old Town, REO Town, Groesbeck and Moores River have older homes that sell well when updated, while parts of the south and west sides offer lower entry prices. Holt, Delta Township, Okemos and Haslett draw buyers who want suburban schools and newer homes.
East Lansing has its own rental licensing rules and limits, and much of the city's housing near campus is oriented to student rentals. Flippers usually target owner-occupant buyers instead. Build ARV from sales in the same school district and housing style.
Most Lansing flips are 1910s to 1950s wood-frame homes with basements, plus some mid-century ranches. Common rehab items include basement water and foundation cracks, old wiring, galvanized plumbing, aging furnaces and boilers, roofs, insulation, and lead paint in pre-1978 homes.
Winter affects both schedules and budgets. Exterior work, roofing and concrete are easier in warmer months, and a vacant house needs heat or winterizing to protect the plumbing. Check permit rules with the City of Lansing or the township, and note that the city requires rental registration if you keep the property as a rental.
Here is a general look at how lender types stack up for a Lansing flip. Every bank, hard money shop and private lender sets its own terms, so treat the other columns as typical, not universal.
| What flippers need | LendingStreet | Typical local bank | Typical local hard money lender | Private individual lender |
|---|---|---|---|---|
| Leverage on purchase and rehab | Up to 90% of cost and up to 100% of rehab on some programs | Often lower; rehab funding varies | Varies; rehab coverage differs | Varies by person |
| Closing speed | As little as 10 days | Often several weeks or more | Often fast | Can be fast; depends on the person |
| Loan size | $150,000 to $5M+ | Varies; may limit investor loans | Often smaller balances | Limited by one person's capital |
| Property types | 1-8 unit investment property | Varies | Varies | Varies |
| Long-term option | Refinance into a 30-year DSCR rental loan | Varies; may want tax returns | Usually short-term only | Usually short-term only |
| Where they lend | All 50 states and DC | Usually a local footprint | Usually local or regional | Usually local |
This example is illustrative and not a quote. An investor buys an Eastside Lansing frame home for $135,000 with a $50,000 rehab budget, for a total project cost of $185,000. The loan covers 85% of the purchase ($114,750) plus 100% of the rehab, for a total loan of $164,750, about 89.1% of total cost.
The investor brings $20,250 toward the purchase plus about $3,375 in buy-side closing costs. The estimated monthly interest-only payment is about $1,442, which assumes the full loan is out for the whole 6-month hold (rehab funds are usually drawn over time, so actual interest is often lower). Taxes, insurance and utilities add about $600 a month.
The house sells for $245,000. Assuming selling costs of about 6% of the price ($14,700) plus $2,107 in transfer tax (Michigan state and county transfer tax at $8.60 per $1,000, paid by the seller), the estimated profit before income taxes is about $27,569 on about $35,874 of cash invested.
| Item | Amount |
|---|---|
| Purchase price | $135,000 |
| Rehab budget | $50,000 |
| Total project cost | $185,000 |
| Loan on purchase (85%) | $114,750 |
| Rehab financed (100%) | $50,000 |
| Total loan | $164,750 |
| Loan as share of total cost | 89.1% |
| Estimated monthly interest-only payment | $1,442 |
| Estimated interest over 6 months | $8,649 |
| Taxes, insurance and utilities over 6 months | $3,600 |
| Buy-side closing costs (estimate) | $3,375 |
| Sale price (ARV) | $245,000 |
| Selling costs (about 6%) | $14,700 |
| Transfer tax on sale | $2,107 |
| Estimated profit before income taxes | $27,569 |
| Cash invested (estimate) | $35,874 |
Michigan charges a state transfer tax of $3.75 per $500 and a county transfer tax of $0.55 per $500, which together equal $8.60 per $1,000 of price. Sellers customarily pay both, so the cost lands on your sale.
Michigan caps taxable value growth while an owner holds a property, but the cap comes off after a transfer, and investors do not receive the principal residence exemption. Your holding-period taxes can be higher than the seller's, so check the record. Spring and summer are usually the strongest listing seasons.
Use this list with every lender you are considering, so the comparison is apples to apples.
For LendingStreet, the answers are up to 90% of cost and up to 100% of rehab on some programs, as little as 10 days to close, LLC borrowing as standard, a $150,000 to $5M+ range with case-by-case review on large balances, and a DSCR refinance path at a 1.0x standard minimum, with seasoning that varies by program.
Decide on day one whether this house is a sale or a possible hold. If you hold, LendingStreet can refinance it into a 30-year DSCR loan that qualifies on rent, with no W-2s or tax returns, a 620 minimum credit score and a 1.0x standard minimum. Read /bridge-to-dscr-loan-guide.html for details.
Knowing both exits up front protects your capital. Use the form below to get numbers for each.
Our top pick is LendingStreet. We fund up to 90% of cost and up to 100% of rehab on some programs, close in as little as 10 days, and offer a DSCR refinance if you keep the house. Get a quote with the form below.
Yes. LendingStreet lends throughout the Lansing area and all of Michigan, along with all 50 states and DC, on 1-8 unit investment properties.
Sellers customarily pay Michigan's state and county transfer taxes, which total $8.60 per $1,000 of price. Confirm the figures with your title company.
Taxable value uncaps after a transfer, and investors do not get the principal residence exemption. Budget on the new bill, not the seller's.
Yes, but East Lansing has its own rental licensing rules. Most flippers there target owner-occupant buyers, so check local rules and comparable sales first.
Fix and flip loans run from $150,000 to $5M+, up to 90% of cost and up to 100% of rehab on some programs. Larger balances get more review and usually a full valuation.
In as little as 10 days with a complete file. Have the contract, scope, budget and entity documents ready, then call (877) 298-1001.
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