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Updated almost 5 years ago,
BRRR in a twist! Confused.
Ok so here it is... My mom has a house. It's in her name I stay there majority of the time. I wanted to use the BRRR strategy. So can we refinance the home to my name and then use the cash out to finance a new property which I plan to BRRR?
Or once my mom’s home is in my name can I instantly rent it out for cash flow? How long after a mortgage is transferred or refinanced to another person can that new owner move out or rent out? And if I don’t like landlording, would I be able to just sell the home within 6 months-1yr? Hope I didn’t confuse you all. Just a confused newbie.