Can I covert hard money loan to conventiamo mortgage?

[Bob Ross]

I just lost out on a house to some paying cash. It got me thinking, can I buy a fixer upper with a hard money loan, in order to make a cash offer?

Seems like this will greatly enhance my chances of actually getting a home my market. Could I then use additional hard Kirby funds for renovation and then sell the property to myself

And get a congenital mortgage? What would that process be like?

Thanks

[Lydia S.]

@Bob Ross

Bear in mind, many Realtors and agents will see an offer with a hard money loan as, well, a loan offer, not a cash offer.

The had money Lender still has to approve the deal, so it is still based upon loan approval by a ‘lender’.