hard money advice

[Jonathan Prettyman]

hello,

here is a quick type of generic deal I am looking at along with details of my current status:

I have 70k cash. looking to fix and flip. I will be hiring a contractor. I can find a house

for anywhere from 50-70k with an ARV of 130-165k. (would need 30-50k for rehab cost. putting total investment at around 100k) was told I will not qualify for conventional or rehab financing since I am not owner occupant and it is not livable. was told to go hard money route since I don't have enough for both cash purchase/rehab costs. trying to figure out how to make this work.

questions are:

how do I approach a hard money lender?

how do I utilize my 70k cash for this type of scenario?

Do I buy the house outright with cash then look for hard

money for rehab cost?

will I need a deal in place to aquire a hard money loan?

looking for advice on how to go about this given the current stats I provided. appreciate any comments this community of people has been wesome for learning.