BRRRR with FHA 203k?

[Ivan Maldonado]

Not sure if there is a better forum topic to post this but here I go…

My overall vision/goal is to acquire a multifamily (2-4 unit). Gain equity in this property and then be able to refinance to take me to the next one. Now I want to be able to house hack and BRRRR the first property. Trouble I run into is to whether this is possible through an FHA 203K or not. I also have my puzzle to put together with regards to learning how to operate this with a 203K as it's not your typical FHA.

Does anyone else have experience doing this? I’d love to hear everything you have to offer on this topic. 

This is definitely the scariest thing I’ve gotten myself into but life can’t always so boring so here I go. 

Also, if anyone personally has done this in the NJ area and would like to network, please do not hesitate to reach out as I’d love to speak! 

Thanks everybody for any input you have!