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Updated over 4 years ago on . Most recent reply

Jason Polykoff's profile image
Jason Polykoff's profile image
Jason Polykoff
  • Real Estate Agent
  • from Drexel Hill, PA
  • Member since Jun 28, 2020
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60
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Jason Polykoff's profile image
Jason Polykoff's profile image
Jason Polykoff
  • Real Estate Agent
  • from Drexel Hill, PA
  • Member since Jun 28, 2020
Connect
Jason Polykoff
  • Real Estate Agent
  • Drexel Hill, PA
10
Votes |
60
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Can you BRRRR using 203K?

Jason Polykoff
  • Real Estate Agent
  • Drexel Hill, PA
Posted

BP, I need your help. I am hearing contrasting thoughts on this....

If I qualify for an FHA 203K loan and I am able to find a property under market value... can I buy it, fix it up, move my family in, and after a year or so do a cash out refi on that home?

If I can’t do this, why not?

Thank you!

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