Thanks so much. 80% LTV cash out does exit but on 12 month bridge loans, no seasoning. 75% LTV cash out is the max for anything 30 year fixed.

My question is this: for my next duplex get a bridge loan cover my 25% down payment/ finance the remaining with a DSCR  and then refinance the entire deal after 3 months post closing? 

I used to live just on the other side of the Perdido Bridge in a high rise on the N side of the channel.

When it comes to hard money, loans and Bridge loans, it really all depends on the borrowers, résumé and experience typically if you can verify that you have been a part of or completed 3-5 or more renovation projects in the last 36 months you can get up to 90% LTC and 100% of the renovation budget, if you are just getting started odds are you’ll be subject to decrease leverage and your LTC will be around 80 to 75%.If it’s your first time seeking a fix to rent or fix and flip loan, you will be limited to the type and scope of work that you can ask funds for.

(Say that to my face you low life attorney- you will likely need new bridge work after)I conspired with seller to transfer title without his knowldge or permission.

We are in a nicer area about a mile from the city of Reading and over the bridge where rent is double, so some comps may be skewed.  

Would it cover an august smart lock wifi bridge (2.4" square by 1.5" deep)? 

So it would be a 12 month interest only bridge loan that would give you a little cash from the existing equity in the home, plus an escrow account that would reimburse you for work that you want to do to the home (assuming the work adds value to the home). 

And keep in mind I am just the bridge lender so folks can BRRR and when they refi I am paid out I dont own any of these long term.The OOS investor acquires a home normally from a fix and flipper be it a turnkey out fit or off of MLS and the agent they are working for like a Holton Wise there in Cleveland for instance.So before they buy it the homes were in disrepair and vast majority are bought from locals who have failed to maintain the property but live there as owner occs.. those folks simply dont get hounded for violations like OOS or non owner occ props.What I have seen is when neighborhoods start to go down hill when they start to turn from predominately owner occ to rentals or the school scores go way down..

Other than the actual neighborhood, it depends on if it is sailboat access (draw bridges or no bridges) or what the clearance on bridges is which of course determines the size boat that can be used.