Using the BRRRR strategy after 203(K) loan?
So I have a hypothetical situation. Say I have minimal capital and would like to deploy the BRRRR strategy. Is it possible I could buy a distressed property using the 203(K) program, build some equity in the property by fixing it up and do a cash out refinance in a couple of months to get that built up equity out as cash? Can someone poke some holes in this? Would this be a viable strategy?