Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago on . Most recent reply

Buy Rehab Refinance for Primary Home?
I was wondering if anyone has tweaked the BRRRR strategy for their primary home?
Most Popular Reply

I don't really understand what you mean....
The best "tweak" I know for a primary residence is to use a FHA 203k loan. This will allow you to buy a fixer upper and finance the rehab cost, while only requiring a 3.5% constribution from you.
Not only do you get to create equity from the rehab, but you also get to live in a brand new home, which you can sell capital gains tax free in 2 years. It's a pretty sweet deal