House Hacking into BRRRR?

[Jacob Anderson]

So I was apart David Greene's webinar today which his computer totally crashed (he wasn't prepared enough). I know he talked about how conventional loans in the BRRRR method don't give you the advantages as a cash payments. Conventional loans won't be applicable to worn down homes. But as a realtor, my plan is to use the commission checks I get to finance a home using a FHA loan and house hacking it for one year.

The plan is to find a property that can be updated with new physical features while mitigating my closing cost by getting the commission check as the buyers agent. Along with dampening my closing costs I could also use that money to go into the rehab as well.

The Southern California, Orange County is very spread out ranging from around $500k-$20m. My price point is roughly $400k-$800k. Close to Tustin where I currently live since I know the areas pretty well. I have a rough outline of the numbers that will work but I wanted to know about refinancing?

Can I refinance a home while trying to house hacking?

Any feedback is valuable. I currently do not know any investors in my area and would love to connect and brainstorm ideas to succeed and give value in this Orange County market where there are so many possibilities.