Hard Money- Rehab, Rent, Refi

[Jason Saenz]

Hello BP community!

I've been learning about REI over the past year. Watching videos, podcasts, and reading countless books. My first goal was to save 20% and use conventional lending. But the more strategies I learned the more my mind began to open up. I do have some reserves but that would basically wipe me out and keep me on the sidelines for awhile. I believe using hard money to acquire a distressed property, do a significant rehab, get it rented out then going to a bank to do a conventional rate/term refi would be a much better option for someone with limited funds. Is this a viable option for someone doing their first deal or am I way over my head. Was curious to know what you more experienced investors think?

Any and all feedback is appreciated!

Thanks!