FHA Loans after using Hard Money Lending

[Janessa Storlie]

Hello Everyone! I will soon be living in the Spokane WA area, and my boyfriend and I hope to get started on flipping homes. We are both currently looking for regular full time jobs so we can qualify for an FHA loan to purchase multi family units in Coeur d'Alene. We would also like to start flipping homes in Spokane so we can build profits.

I was wondering if we can use hard money lending for the first few flips in Spokane, and if we can still qualify for an FHA loan to purchase multi-family units. Will the bank turn us away if we have used hard money lending for multiple homes to flip? Or will the bank allow us to get an FHA loan even though we have purchased homes in the past? I know that hard money lending does not go on credit reports, so I am wondering if the banks will even know about the home purchases?

Thank you everyone!