BRRRR Method Further Explanation

[Michael Acevedo]

Hello Everybody!

I am having trouble one on part of the BRRRR Method. In the buying process. Does the property have to be bought cash? And rehab as well? Or can I finance the property through an FHA, live in it, put some sweat equity in, after a year, rent it out for six months then re-finance? Is this still considered a BRRRR? Or will the Loan to Value affect me in the refinance process? And if so, is it possible to bring that loan to value to meet the lenders criteria through the sweat equity I put in? And the year and a half the mortgage was being paid down plus the 5% initial down payment or is there a slim chance of getting that loan to value to refinance using this method?