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Updated almost 4 years ago on . Most recent reply

BRRRR & FHA Question
Hey BP,
I am looking to house hack with my FHA loan, but I wanted to see if I could further that using the BRRRR strategy.
The plan would be to buy cash and fix up a multi family property. But then when I rent and refinance I would like to refinance using an fha loan.
Is that possible/allowed?
Thanks!
Most Popular Reply

@Chris Bluem if you paid cash for a house and fixed it up, why would you want to refi with an FHA loan? Thats a federal backed loan that carries a PMI. you could do a conventional loan and still pull money out doing the BRRR strategy.