BRRRR & FHA Question

[Chris Bluem]

Hey BP,

I am looking to house hack with my FHA loan, but I wanted to see if I could further that using the BRRRR strategy.

The plan would be to buy cash and fix up a multi family property. But then when I rent and refinance I would like to refinance using an fha loan.

Is that possible/allowed?

Thanks!

[Kyle Tipton]

@Chris Bluem if you paid cash for a house and fixed it up, why would you want to refi with an FHA loan? Thats a federal backed loan that carries a PMI. you could do a conventional loan and still pull money out doing the BRRR strategy.