Using current homesteaded house to brrr

[Josh Larson]

Currently looking to dive into the real estate market. The plan as of right now is to cash out refinance my house (30k after fees), Move out to a rental, rent out the house I’m at now, and buy my first flip. My question is: how long do I have to be a renter/landlord for before I can do a fha loan on a new property?

My goal is to flip a few houses in the next year and then move into doing the brrr method until I have enough property to do it full time.

Sorry if I don’t have all the info you need to help me with my questions. I live in Minneapolis Minnesota and am a journeyman Carpenter, so I know my way around renovating places very well.

Excited to start down the road of being financially free!

[Jordan Moorhead]

@Josh Larson as long as you don't currently have an FHA loan you can get another. Connect with @Tim Swierczek and he'll help you navigate that.