BRRR Method with VA Loan

[Tyler Barker]

Has anyone used the BRRR strategy and refinanced using a VA loan? I was wondering if there were any additional requirements besides having the house being my primary residence. It would be more like a live and flip but doing all of the flipping work before. Thanks for your time and help.

[Samuel Fletcher Hardy]

Hello @Tyler Barker

I am currently doing a VA BRRR!

I purchased a triplex that met the strick appraisal requirements but still needed some serious love for $356,000. I worked with both a flipper and appraiser to determine what repairs and renos I should do to get the most bang for my bucks! Once all repairs are completed it will appraise for roughly $470,000 or more.(I can go deeper if you would like.) Once we are there I am already working with my lender to refinance and only pull 10,000k of equity out (repairs costs) but no longer be using my VA entitlement(the key!). At which point I will go shopping for a similar deal rinse and repeat.