@Jairhad HemmonsI am not an expert at this matter, but based off the basic knowledge I attained from being on Biggerpockets, here is the situation:I don't think you can use the house as a down payment to pay for another property, you will still need to have actual cash to use as a down payment, especially with the stringent policies on investment properties set up by Fannie Mae and Freddie Mac.

As @Brian Garrett mentioned Fannie Mae will be your best rates on 1-4 units.

Just trying to figure out if this is truly a Fannie Mae and Freddie Mac requirement.

I called a local bantoday and the loan officer told methat Fannie Mae cancelled the program a few months ago.

This is part of the reason house hackers are hyped about the 5% Fannie Mae program that was rolled out on November 18th.

NOT one that will be sold on the secondary mortgage market to the big dogs like Fannie Mae, Freddie Mac, and all their cousins) then it will vary from bank to bank or lender to lender.  

The fannie mae standard loans have strict regulations around them, since part of the crash was associated with over inflated appraisals   The only true valuation of a property is how much someone is prepared to pay for it today.  

Purchase price: $52,500 Cash invested: $70,000 Sale price: $214,000 This was a Fannie Mae property, so I had to live there for 2 years as part of the project.

Are BRRRR investors tracking the new change to cash-out-refi seasoning periods?12 month minimum seasoning period rather than 6.
What are thoughts on how this could effect the BRRRR strategy? And how are people changi...

As we all know, in the recent weeks Fannie Mae changed their seasoning period requirement for conventional cash-out refinances.