Second Investment Property (BRRRR or House Hack)

[Kyle Weinapple]

Hey BP! I'm back with another decision I could use some opinions on. Currently living with my father rent free after my first house hack was super successful and now have it fully rented out. I have around 50-60k liquid cash saved up. Deciding on whether to use about 30k to house hack another property and live mortgage free (maybe even 100-200$ cash flow while living there) and try a BRRRR later on once I am moved into this house hack. Or stay here rent free and work on my first BRRRR by itself while not house hacking. Any opinions are greatly appreciated!

[Account Closed]

Hey Kyle - congrats on your successful house hack!

What about doing a BRRRR where you use the 50-60k (or less) as initial capital into the BRRRR deal, and look for a deal where you would be able to easily get your 50-60k cash back on the refi, and possible even more? Then you can do another house hack after because you would have gotten all your capital back from the refi, and then some? Or your can BRRRR a property that would be good for a house hack as well, and move into the house hacked BRRRR after its rehabbed.

Just thinking out loud as there are lots of options, best of luck to whatever you decide!