BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 5 years ago on . Most recent reply
Can you BRRRR with an FHA Loan?
Can you cast-out refinance when using an FHA loan? And do you need to convert to a conventional loan?
Most Popular Reply
FHA does have a cash-out option. But the requirements are strict and so are the terms (LTV). Typically ... it is not an ideal mechanism for the BRRRR strategy.
FHA loans are great for purchasing a pretty much turnkey property because if you qualify ... it is only 3.5% down.
Paul