Long Term Investing Idea

[Joel Lopez]

Hello everyone. I have an idea and wanted to know if it was at all valid.

I currently don't have any properties and was going to start wholesaling to increase my capital to then be able to buy and hold rentals.

My new idea is that I can get a property that needs some rehab but can still be financed through a mortgage, take my time remodeling it while having it as my primary residence, then rent it out, refinance it and start the process again with another property and do that a few times till I have enough to buy properties with all cash or hard money. 

Does this make sense? Is this basically a live-in-BRRR? Has anyone done this? I feel like I have the time to do this because I'm just 23. I just don't have enough money to buy properties in all cash in my area.

Please let me know your thoughts.

Thanks, Joel