Finance First Deal- Verbal Contract in place

[Jacob Bjerk]

I am having trouble getting conventional financing for a fix and flip deal on a SFH. The problem is our debt-to-income ration is too high to support both the mortgage and rehab costs.

Details of deal- 225k Purchase price, 50k rehab cost, and 365k ARV.

We are currently doing a large rehab on our primary residence that we own mortgage free but is preventing a HELOC. We have approximately 30k in cash, and access to more funds in 401k accounts. Any advice on how to find financing?