Real Estate financing questions

[Jason Flores]

Hello BP community,

I've been listening to BP podcasts and checking in on the forums for a little while now, trying to soak up as much as I could. I recently found a great partner to start investing with and we are currently forming the rest of our team and developing our tools/processes.

We are looking to start flipping single family homes in Q1 2021, focusing in the Orange County NY area. We are thinking about funding flips using hard money and had a couple of questions. What are typical terms for funding on 60% or 80% ARV over 6 months?

In the event we are unable to sell the house and need to BRRR, what does the cash out refinance lender use to evaluate the loan? Do they consider individual DTI or just focus on the investment asset?

I look forward to hearing from you, cheers!