Updated over 4 years ago on . Most recent reply
BRRR/Househack Has anyone tried?
Thinking of doing BRRR for a multi-family as I live in one of the units. I have been cautioned about this idea and wonder what are the possible pitfalls. The idea is as follows:
1. Buy fourplex using hardmoney
2. Rehabbing fourplex
3. Refinancing using FHA loan
4. Renting out and living in one unit
Has anyone tried this method?
Most Popular Reply
Oh I missed that you'd be living in it Renee. @Paul Welden is correct, can't do hard-money or any dscr loan on an owner occupied property.