BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago,
203K House Hack/BRRRR
Can someone tell me if this strategy is possible?
1. Buy a distressed 4-Plex, rehab it, and house-hack it using a 203K 3.5% FHA loan
2. Get a Cash-Out Refinance on the appraised value after 1 year of living in the property
3. Move out and then repeat