New Investor - Need Financing Advice Massachusetts

[Ed Clare]

Hello everyone, happy Monday - brand new investor here!

I would like to start with either a BRRRR or flip in the coming months. I think I will be able to scrounge up $100,000 of my own money once I do a cash out refi on my primary residence, I've already started the application process for that and they want to do an appraisal on within the coming weeks. I think I'll likely get $85,000 out of the equity on the house, combined with my liquid assets should bring it to 100K. I have excellent credit and DTI in the range of 12-15%...

My question is, would a hard money lender make sense for me? Maybe use my own $100K to put in cash offers on houses in rough shape, then the hard money to reno, then refinance with a bank? Let me know if you think this is realistic, or if you can see a different scenario that might make more sense in my situation... I'm definitely interested in any options, partnerships, etc.... I want to get my first property under my belt in short order!

I'll provide any additional info requested..