Can I do a partial BRRRR on a primary residence?

[Steven Barr]

Is it possible to do a partial BRRRR on a primary residence and essentially just get my down payment for free?

Meaning, I buy a distressed property, fix it up to ARV, then cash out refi to pay off my hard money loan, but instead of renting it out, I just take over the mortgage myself and live there?

[Hunter Vigneault]

@Steven Barr Generally speaking, yes - though a hard money lender would probably not be the right way to go, as they usually will not lend on owner occupied properties.

Speak with your local banks and see which one has a construction to permanent loan that you will qualify for - that's likely to be your best option.