House Hacking a BRRRR

[Elie Merisier]

Hi,

I live in Florida and I'm hoping to find a distressed multifamily 2-4 units. Where I can use the BRRRR strategy, but I would end up househacking it by living in one of the units and renting the other units out. Then refinance to pull my money out and Invest into my next deal.



Is this something that I could do. If anyone has any advice or suggestions please feel free to share.

Thank you,

[Michael Dumler]

@Elie Merisier, how do you plan to finance the initial purchase? Hopefully, cash. Initially acquiring the property by utilizing an owner-occupied mortgage product and then refinancing via another owner-occupied mortgage product is going to be very difficult. If you don't plan to finance the initial purchase via cash then I highly recommend you look into an FHA 203k or Fannie Mae HomeStlye Renovation Loan.