Hard money and fha financing
I’m in the Tampa area looking for a small multi family or a single family that needs work at a low price to refi (brrrr)
So I’m looking to buy my first deal and I don’t have a lot of capital to work with so I’m looking to get creative with financing using hard money. When I get a pre approval from a bank, what would I tell them if I’m going to use hard money first and then refinance? Just get a pre approval for a heloc? I’m just not familiar with the process and any input would be greatly appreciated.
Justus