Hard money to conventional loan

[Melanie Jones]

So I'm working everything out to get started investing. I've heard it's best to work backwards. I'm looking to do a hard money loan and do a cash out refinance with a conventional loan in 6 months or so to repay the HML. When approaching the bank to get pre-approved(First), should I let them know that the initial capital is coming from a HML or do they even care?

[Melanie Jones]

@Shaun Weekes so Im doing buy and hold. DTI is about 15%. I'm a RN with steady income and have been employed for going on 5 years in my field. I have cash reserves of about 15,000 that was saved over a 6 month period doing overtime. My goal is to eventually have enough capital to use the Brrrr strategy using all cash for the purchase+rehab.