Househack BRRR. Is that a thing?? Is it possible?

[Anita Ahuja]

Hi. In order to fast track my real estate investing, if the numbers make sense, toying with a househack brrrr idea. I would love to get the opinon of other bay area folk who have considered this and/or doing it.

Heres my thought process--> 500K equity in current home--> sell home--> find a househack in either Oak, San Leandro or Alameda ( sticking to these areas because I want my kids to remain in the school they are in). Obtain home w traditional financing and put ~ 80-100K renovations. --> move in and obtain renters or airbnb--> refinance home --> take out equity for the next project

This is a househack BRRR

My criteria however are:

- safe area ( I have kids)

- Our unit must be at least 3 bedroom, 2 bath

Please be kind as you dissect my situation.