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Updated over 4 years ago on . Most recent reply

Michelle Dong's profile image
Michelle Dong's profile image
Michelle Dong
  • Investor
  • from West Palm Beach, FL
  • Member since Mar 19, 2020
  • Posts 89
  • Votes 41
  • Experience 3 Yrs
  • Investments 1
Connect

User Stats

89
Posts
41
Votes
Michelle Dong's profile image
Michelle Dong's profile image
Michelle Dong
  • Investor
  • from West Palm Beach, FL
  • Member since Mar 19, 2020
  • Posts 89
  • Votes 41
  • Experience 3 Yrs
  • Investments 1
Connect
Michelle Dong
  • Investor
  • West Palm Beach, FL
41
Votes |
89
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Brrrr Rehab with FHA 203k

Michelle Dong
  • Investor
  • West Palm Beach, FL
Posted

Quick question for the BP family.

I am a 1st time investor and planning to house hack and the Brrrr strategy to add forced appreciation.

2 questions:

1) how to you calculate rehab cost?

2) with a fha 203k can you use them for cash only deals ?

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Michelle Dong's profile image
Michelle Dong's profile image
Michelle Dong
  • Investor
  • from West Palm Beach, FL
  • Member since Mar 19, 2020
  • Posts 89
  • Votes 41
  • Experience 3 Yrs
  • Investments 1
Connect

User Stats

89
Posts
41
Votes
Michelle Dong's profile image
Michelle Dong's profile image
Michelle Dong
  • Investor
  • from West Palm Beach, FL
  • Member since Mar 19, 2020
  • Posts 89
  • Votes 41
  • Experience 3 Yrs
  • Investments 1
Connect
Michelle Dong
  • Investor
  • West Palm Beach, FL
41
Votes |
89
Posts
Michelle Dong
  • Investor
  • West Palm Beach, FL
Replied

@Jaron Walling Thank you Jaron. With the 203kloan, i asked my broker who specialized in that specific loan and he said they could use the loan even if it is a cash deal. Therefore I was confused.

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