Is it smart to use hard money to get REOs then refinance ?

[Tremaine Jeffries]

I'm a virgin to this RE business. I have been reading about strategies on how to get RE with low to no money. I see the best deals are Foreclosures. Has anyone tried using hard money to fund auction acquired property? If so, how was the process because I was going to refinance for 70-80% ARV if the hard money is viable.