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Updated over 5 years ago,
Use my Primary Residence to finance my first BRRRR?
Hello,
I am a new investor and am figuring out what real estate niche I am wanting to do and BRRRR looks like to be the one that will work best for me.
With that being said I am looking to buy my first primary residence property (SFH) and I am wondering is it a good idea to use this property to refinance and use that financing and use to start my BRRRR investing? I will most likely using a conventional loan with 20% down if not more for my home. But please help me understand what are the pros and cons of using my own primary residence to refinance and use the money from my refinancing to start buying BRRRR properties.
Thanks,
Heath