I am working hard to improve my credit score, but currently I do not qualify for a conventional mortgage.
If I were to purchase a SF home using hard money, put in a tenant, and be able to show a positive cash flow, am I likely to be able to refinance with a conventional loan or long term loan with lower rates?
I do have a good payment history for the last 2.5 years and verifiable income… just have a bad credit score.