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Updated over 5 years ago on . Most recent reply

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Josh Larson
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Using current homesteaded house to brrr

Josh Larson
Posted

Currently looking to dive into the real estate market. The plan as of right now is to cash out refinance my house (30k after fees), Move out to a rental, rent out the house I’m at now, and buy my first flip. My question is: how long do I have to be a renter/landlord for before I can do a fha loan on a new property?

My goal is to flip a few houses in the next year and then move into doing the brrr method until I have enough property to do it full time.

Sorry if I don’t have all the info you need to help me with my questions. I live in Minneapolis Minnesota and am a journeyman Carpenter, so I know my way around renovating places very well.

Excited to start down the road of being financially free!

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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
3,434
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
Replied

@Josh Larson as long as you don't currently have an FHA loan you can get another. Connect with @Tim Swierczek and he'll help you navigate that.

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The Moorhead Team
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