MFR househack or BRRRR

[Briana Gilbert]

Hi, 

I am stuck between if i should use a FHA loan to purchase a MFR, or use the BRRRR strategy in Detroit because of the connections I have there. Just to give you a background story I currently live in NJ and work in Manhattan, and im renting. I have a partner that I live with but don't have any children or anything. If i chose to use my FHA I would stay in the property for two years and move back to my hometown D.C.

I'm torn but know for a fact I'm ready to get something start soon. 

[Stephanie P.]

@Briana Gilbert

If you change circumstances like move more than 100 miles, family grows and you need more room etc..., you can reuse.  Moving from Jersey to DC area should be okay.  I have a guy for you that can help with that if you'd like.  We don't do them, but refer them out.  PM me and I'll get you his info.

Best of luck

Stephanie