Confused please help

[Jose Castillo]

With a hard money loan, when will I have to start paying the balance off? Is it monthly or after the flip? Would I have to add it in my budget? Let's say I owe 70,000 and have a two year term to flip, how would I come up with the number to add that to my budget? Do I divide 70,000 by 24 months? That just doesn't seem right. Please help. Is the APR collected monthly or yearly? And last, would I be paying insurance and taxes based on the property before the repairs or after the repair Value? I'm sure it'll be a different payment if I was paying ins and taxes on a $40,000 foreclosed home then a $110,000 home after repairs. Please help me. I'll take any advice