The New Backflip App: Analyze, Finance, and Manage Your Flip in One Place
Investors can analyze deals, see preliminary loan terms and manage the loan through draws and payoff entirely on Backflip’s platform. Fix-and-flip rates start at 7.5% for qualified borrowers and properties.
Backflip, a vertically integrated lender and technology platform for residential real estate investors, has launched a rebuilt version of the free Backflip app for iPhone. Investors can analyze investment properties, see whether a deal is profitable, get preliminary personalized financing terms, and manage the loan in a single platform: loan processing, rehab draws, interest payments, servicing consultation and payoffs. An updated Android version is expected to follow soon.
Thinner margins make the real numbers matter. According to ATTOM’s Q2 2026 U.S. Home Flipping Report, the typical flip earned a 21.5% gross profit margin, down from 27.6% a year earlier. Typical gross profit was $60,526, before rehab, financing and holding costs. Earlier this year, Backflip and ATTOM published a joint analysis of Q1 2026 fix-and-flip returns based on Backflip’s loan data. It found that the gap between purchase price, renovation cost and resale price drove profitability in every market studied. When margins are thin, investors need to underwrite precisely and know their financing cost early.
One platform, from first look to final payoff
Underwrite at any depth
Model a deal at the line-item level or get a quick read on whether it works.
Comps and ARV
Assess comps using Backflip’s comp match score, which ranks how closely each sale fits the subject property, and calculate the profitability based on the investor’s business plan.
AI-powered insights
Insights highlight the key aspects of each analysis, opportunities for upside as well as risks to mitigate.
Personalized pricing
Investors see indicative pricing and eligibility criteria tailored to their deal, even prior to submitting a full loan inquiry. They can optimize for lowest pricing, higher leverage or no out-of-pocket monthly payments.
From inquiry to closing
Every loan inquiry goes to a dedicated account executive who can support borrowers to lock final loan terms. Investors can track their deal’s progress through processing and closing, including what is required from them and what steps their lending team is taking.
After closing
Request rehab draws, make interest payments, get servicing support and request payoffs entirely through the Backflip platform. Repeat borrowers account for roughly half of Backflip’s fix-and-flip loans, and they’re expected to realize the most immediate value because they already know the process.
“Backflip’s analyzer is commonly the first place investors go to see if a deal will pencil. Now they can seamlessly procure a fix and flip loan, close it quickly, and manage it post-closing all on the same platform,” said Jake Rome, Founder and CEO of Backflip. “Our repeat borrowers utilizing the platform commonly close loans in less than a week, and new investors get the same tools plus a top-notch team that’s eager to work the deal with them.”
What’s next
Upcoming releases are planned to add in-app rental analysis and DSCR loan quotes, an updated Android version, and more tools for evaluating and managing deals.
Built from member research
Backflip redesigned the app after research with experienced investors who use the app’s deal analyzer regularly. In early testing of the redesign, members rated it highly. Eighty-six percent said it gave them enough information at their fingertips to efficiently decide whether a deal was worth pursuing.
Why Backflip brought draws and servicing in-house
Many private lenders rely on outside vendors for draws and servicing, which leads to a confusing borrower process and counterparties with misaligned interests. Backflip grew both important functions in-house so it can offer a best-in-class end-to-end borrower experience.
- Draws: Since August 2026, borrowers have managed draws in Backflip’s proprietary draw portal. Draw requests are typically funded in under two days.
- Payoffs: In-house payoff statements are issued in a median of 1.1 business days, less than half the 2.1 days for loans still with a third-party servicer during Q3 2026. By year-end 2026, Backflip is planning to support instantaneous payoff quotes.
- Servicing: Backflip brought servicing in-house in January 2026. Each loan has a dedicated servicing associate.
“When we brought servicing in-house, every borrower success metric we track improved by significant amounts,” Rome said. “Most lenders stitch together a pricing tool, a loan origination system, a draw platform vendor and a third-party servicer. We built one connected platform to deliver a unified borrowing experience built on our technology.”
Current loan terms (as of October 2026)
- Fix-and-flip rates start at 7.5% for qualified borrowers and properties.
- Interest is charged only on funds disbursed (“non-Dutch” interest), not on undrawn rehab funds.
- Borrowers can optimize for lowest pricing (Standard), or choose higher leverage (Altitude), or no out-of-pocket monthly payments (Zero Gravity).
- Backflip also offers ground-up construction loans in select geographies, and DSCR loans for rental properties across the country.
- Fix-and-flip loans are available in 44 states and Washington, D.C.
- All loans are subject to underwriting and qualification.
Track record
Since 2021, Backflip has funded more than 3,000 loans totaling more than $860 million. It lends across the country and has a local presence in select markets, including Austin, where it is headquartered. In December 2025, Backflip issued a securitization through its BFLIP shelf.
The Backflip app is available on the App Store. Investors can request a loan quote. Lenders and capital partners interested in Backflip’s platform can contact [email protected].
Backflip at a glance
- Loans funded: 3,000+ ($860M+) since 2021
- Fix-and-flip rates: from 7.5% for qualified borrowers and properties (Oct 2026)
- Interest method: charged only on disbursed funds (“non-Dutch” interest)
- Loan products: fix-and-flip; ground-up construction in select geographies; DSCR rental loans across the country
- Fix-and-flip footprint: 44 states + Washington, D.C.
- App: free; iOS now, updated Android version expected to follow soon
- Draws: typically funded in under two days
- Payoffs: median 1.1 business days
- Servicing: in-house; dedicated servicing associate per loan
Frequently asked questions
What is Backflip?
Backflip is an Austin-based direct lender and technology platform for residential real estate investors. It offers fix-and-flip, ground-up construction and DSCR rental loans, and it handles pricing, underwriting, draws and servicing in-house.
What are Backflip’s current fix-and-flip rates?
As of October 2026, rates start at 7.5% for qualified borrowers and properties. Pricing is personalized to the borrower and the deal.
What’s the difference between Dutch and non-Dutch interest?
On a fix-and-flip or hard money loan, Dutch interest means you pay interest on the full loan amount from day one, including rehab funds the lender is still holding for you. Non-Dutch interest means you only pay interest on money that has actually been disbursed, so your interest grows as you draw down your rehab budget.
Does Backflip charge Dutch interest?
No. Backflip charges interest only on funds disbursed (“non-Dutch” interest), not on undrawn rehab funds.
Does the app guarantee my loan will be approved?
No. The app shows indicative pricing and eligibility criteria. Every loan inquiry goes to a dedicated account executive who can support borrowers to lock final loan terms, and all loans are subject to underwriting and qualification.
Does Backflip offer new construction or rental loans?
Yes. Backflip offers ground-up construction loans in select geographies and DSCR loans for rental properties across the country.
Who services Backflip loans?
Backflip’s own servicing team does, with a dedicated servicing associate for each loan. Draws, payments, extensions and payoffs are handled through the Backflip platform.
Is the Backflip app free? Is it on Android?
Yes, it’s free. The rebuilt app is on iPhone today, and an updated Android version is expected to follow soon.
Download the free Backflip app.
Backflip originates and services loans through its subsidiary, Double Backflip, LLC. NMLS ID #2482717, nmlsconsumeraccess.org. Equal Housing Lender.
