Updated almost 6 years ago on . Most recent reply
Live-in BRRRR Strategy?
Hello BP,
I am a new investor in the Tucson area and this is actually my first BP post! I'm looking for some opinions about my beginning investing strategy.
My apartment lease is up in about 6 months and I plan on buying a single family home to essentially do a live-in BRRRR.
Here is my step-by-step process:
1. Buy a single family house with a FHA loan.
2. Live in the property and perform renovations during the seasoning period (I believe it's 12 months?).
3. Refinance the property to a conventional loan after the seasoning period. My goal of this is to have at least enough equity built from forced appreciation to cover the 20% down payment.
4. Move out, and find a tenant to live in the house.
5. Repeat
Would like to hear some of your feedback on this. Thanks everyone!
Most Popular Reply
@Bobby Foster curious to know how this turned out as I’m looking into a similar situation now.