Starting out with hard money

[Chris Bork]

Hi Everybody! So I have been reading a lot on real estate investing tying to figure out a strategy that would work best for my family and I. I am thinking the BRRRR method for buy and hold properties outlined by @Brandon Turner makes the most sense for us.  To be totally honest I have no money to put into a deal.  I could cover closing costs, and maybe a months worth of holding costs before I get a tenant, but that's it.  My thought is to find a property in need of some work, use a hard money loan to purchase and rehab, then refinance into a conventional loan once it has seasoned.  I know that is a pretty broad statement, but in general, is that a good plan?  Any feed back from someone who has used this strategy would be great.  Thanks!