First Deal under contract - looking for advice on Hard Money loan

[William Strehse]

I have my first deal under contract. SFH purchased for $25K in Clifton Heights, PA. I am estimating the Rehab cost at just over $50K. We are using our own funds for the purchase price and closing cost and have funds for the Rehab but would like to borrow those funds instead of strapping us. The home will be a Hold and should rent for approx $1,200 a month. Our goal is to rehab, fix and then Refi and pull our borrowed money and the majority of our initial investment back out. ARV I am estimating conservatively at $110K so we should be able to Refi at $70-75K.