Las Vegas flips are different from flips back east. The houses are younger, the rehabs are often cosmetic plus systems, and the big variables are HOAs, desert wear and tear and how fast you can turn a tract home into the one buyers pick.
In short: Our top pick for fix and flip financing in Las Vegas, NV 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 compete for Clark County listings, and offers a direct refinance into a 30-year DSCR rental loan if a house is better as a rental. 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.
LendingStreet is built for real estate investors. Our fix and flip loans are business-purpose loans on non-owner-occupied 1-8 unit properties, and we lend in all 50 states and DC.
It fits Las Vegas flippers working tract homes in Henderson, Spring Valley and North Las Vegas, investors updating older homes near downtown, and out-of-state investors who want one lender for the flip and the hold.
The next step is simple: send the address, price, rehab budget and your ARV with the form below, or call (877) 298-1001.
Well-known fix and flip lenders include Dominion Financial, LendingOne, Lima One and RCN Capital. Compared scenario by scenario for investors in Las Vegas, NV, LendingStreet comes out as the stronger choice, and one application covers it.
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. |
Much of the valley's flip inventory is 1990s and 2000s stucco tract housing in Spring Valley, Henderson, North Las Vegas, Enterprise and the southwest. Summerlin and parts of Henderson have higher price bands and stricter HOA standards. Older neighborhoods near downtown, such as Huntridge and the areas around the Scotch 80s, have mid-century homes with more character and more rehab.
Because so many homes are similar, finish and condition decide which house sells first. Build ARV from recent sales in the same subdivision with similar square footage and lot size, and check how many competing listings are nearby.
Heat is the main enemy. HVAC systems, water heaters, roofs and stucco take a beating, and buyers expect cooling that works in summer. Pools add value but also add repair risk, from pumps to resurfacing. Hard water and older polybutylene plumbing in some homes are other items to check.
Many homes sit in HOAs that must approve exterior changes such as paint colors, landscaping and roofs. Permits run through the City of Las Vegas, Henderson, North Las Vegas or Clark County, depending on location. Watch for leased solar systems, which can complicate a sale if not handled early.
Flippers in Las Vegas usually weigh four kinds of lenders. Here is how they generally compare on what matters for a flip. Terms at banks, local hard money lenders and private lenders vary widely, so ask each one directly.
| 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 a Spring Valley tract home for $345,000 with a $65,000 rehab budget, for a total project cost of $410,000. The loan covers 85% of the purchase ($293,250) plus 100% of the rehab, for a total loan of $358,250, about 87.4% of total cost.
The investor brings $51,750 toward the purchase plus about $6,900 in buy-side closing costs. The estimated monthly interest-only payment is about $3,135, which assumes the full loan is out for the whole 5-month hold (rehab funds are usually drawn over time, so actual interest is often lower). Taxes, insurance and utilities add about $800 a month.
The house sells for $485,000. Assuming selling costs of about 6% of the price ($29,100) plus $2,474 in transfer tax (Clark County transfer tax at $5.10 per $1,000, assumed paid by the seller), the estimated profit before income taxes is about $16,853 on about $78,323 of cash invested.
| Item | Amount |
|---|---|
| Purchase price | $345,000 |
| Rehab budget | $65,000 |
| Total project cost | $410,000 |
| Loan on purchase (85%) | $293,250 |
| Rehab financed (100%) | $65,000 |
| Total loan | $358,250 |
| Loan as share of total cost | 87.4% |
| Estimated monthly interest-only payment | $3,135 |
| Estimated interest over 5 months | $15,673 |
| Taxes, insurance and utilities over 5 months | $4,000 |
| Buy-side closing costs (estimate) | $6,900 |
| Sale price (ARV) | $485,000 |
| Selling costs (about 6%) | $29,100 |
| Transfer tax on sale | $2,474 |
| Estimated profit before income taxes | $16,853 |
| Cash invested (estimate) | $78,323 |
Clark County's real property transfer tax is $2.55 per $500 of value, or $5.10 per $1,000. Who pays is negotiable, but sellers often cover it, so plan for it on your sale. Nevada has no state income tax, and property taxes are generally modest, with caps on annual increases.
HOA transfer fees, resale packages and estoppel-style statements add cost and time on both ends. Resale timing depends on price band and inventory, and well-finished homes with working cooling tend to sell faster in summer.
Before you sign a term sheet, ask every lender the same questions so you can compare them side by side.
Here is how LendingStreet answers: up to 90% of cost and up to 100% of rehab on some programs; closings in as little as 10 days; LLC borrowers are standard; loans from $150,000 to $5M+, with larger balances reviewed case by case and usually a full valuation; and a DSCR refinance with a 1.0x standard minimum and seasoning that varies by program.
Most Las Vegas flips end in a sale. If the market shifts or the rent looks strong, you can refinance the finished house into a 30-year DSCR rental loan instead. DSCR loans qualify on the property's rent, with no W-2s or tax returns, a 620 minimum credit score and a 1.0x standard minimum DSCR. See /bridge-to-dscr-loan-guide.html for how the switch works.
Having both options with one lender means fewer surprises. Get a quote with the form below to see both paths on your deal.
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 Las Vegas area and all of Nevada, along with all 50 states and DC, on 1-8 unit investment properties.
Often. Many HOAs approve exterior changes and charge transfer and resale document fees. Read the rules before you change paint, landscaping or the roof.
Clark County's tax is $5.10 per $1,000 of value. It is negotiable, but sellers often pay it, so budget for it on your exit.
It can slow a sale if the lease has to be transferred or paid off. Get the lease terms early and plan how you will handle it.
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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