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Updated about 5 years ago on . Most recent reply

Zachary Olley's profile image
Zachary Olley's profile image
Zachary Olley
  • from Galloway, NJ
  • Member since Nov 15, 2019
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Zachary Olley's profile image
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Zachary Olley
  • from Galloway, NJ
  • Member since Nov 15, 2019
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Zachary Olley
  • Galloway, NJ
16
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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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.

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Zack Karp's profile image
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Zack Karp
  • Lender
  • from Schaumburg, IL
  • Member since Jul 1, 2015
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Zack Karp
  • Lender
  • from Schaumburg, IL
  • Member since Jul 1, 2015
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Zack Karp
  • Lender
  • Schaumburg, IL
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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
    • 6 Votes
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