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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 5 years ago on . Most recent reply

User Stats

51
Posts
16
Votes
Zachary Olley
  • Galloway, NJ
16
Votes |
51
Posts

FHA loan to start a BRRRR

Zachary Olley
  • Galloway, NJ
Posted

I have found 2 properties in my area that would be great for BRRRR but I only qualify for an FHA loan. Has someone here started a brrrr with an fha and refinanced out or can you not do that? Also in New Jersey if that helps.

Most Popular Reply

User Stats

818
Posts
759
Votes
Zack Karp
  • Lender
  • Schaumburg, IL
759
Votes |
818
Posts
Zack Karp
  • Lender
  • Schaumburg, IL
Replied

@Zachary Olley you can cash out refi from FHA into a Conventional loan 6 months after purchase. And if you refi as an investment property, then there is no more occupancy requirement.

  • Zack Karp
  • 847-387-5513
  • Loading replies...