First Primary Residence House Hack/BRRRR?

[Rafael Perez]

Hey everyone I have finally been pre-approved to purchase a primary residence which I will be house hacking. I just recently have been looking at a handful or potential properties with my agent, but was also thinking about looking at off-market deals. I figured that if I can purchase a discounted off-market deal with hard money, increase its value, then refinance it through conventional financing with lets say 85% LTV (enough to pay back the HML), I can have instant equity that I can tap into later.What do you guys think?

If I do take this route, what ways can I market to find off-market? I was thinking connecting with wholesalers and cold calling. I also have $30,000 saved up, so I can potentially even do something creative like seller financing.

Any and all advice is greatly appreciated, thanks!