Is it wise to BRRRR my primary residence?

[Ross Dolbec]

I recently took the first step and bought my first property in Seattle Wa. Have been listening to the BPP and continue to hear about the BRRRR method and velocity of money. I purchased it with 10% down, bought out PMI, renovated the inside for about 15K. Is it wise to BRRRR my primary residence or is that strategy best served for rentals?

[Joel Thompson]

@Ross Dolbec buying a house a year with a "low down" loan, living in it, rehabbing, then refinancing, renting it, and moving to the next is a great strategy.

It's likely that you won't get your rehab costs out when you refi because you'll be around 90% LTV at 370k all in. At your PP you're closer to 85% LTV (provided $415k is the current value).