Possible Hybrid of BRRRR
I am planning to do a BRRRR in the midwest where i currently reside. I do not know if this is a popular thing to do but I was going to Rehab my first investment property but end up occupying it while renting out my current home. I would most likely try and do a 203k loan on a distressed property that i could possibly refinance after a year and maybe use the capital for my next one. Would this strategy work?
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It's the house hacking plan. That is a great way to purchase properties and get great mortgage rates. I like the hybrid BRRRR. That's the great thing about RE investing, you can be as creative as you want.