Transition from house hack to BRRRR strategies?
Hey everyone,
Had a quick question.
Apologies if this has been covered before but google-fu did not uncover anything.
Was wondering if it is possible (and if so, how) to transition from a house hack to a BRRRR strategy.
Obviously with an FHA you don't have enough equity to start with to get any cash out with a refi, even if you knock the Reno/ARV out of the park. Numbers are less bad, but a similar story with a conventional loan house hack it seems like.
I understand the utility of house hacking in order to live in a primary residence for very cheap (or free or at a small profit) but how do people transition from house hacking one multi family into executing the BRRRR strategy? Is there a direct connection or elegant way to do this?