Anyone have experience "BRR-ing" a house for themselves?

[Ian Verzoni]

I'm new in the real estate market (1 rental, 1 owner occupied). I'm AD military and am moving in about a year.

I got to thinking, can I BRR my own house and save myself from getting a large down payment stuck with the house or paying PMI?

Are there differences or things you need to look out for when doing this for your own house rather than for a flip or for a rental?

[David Pere]

@Ian Verzoni you shouldn't need to worry about any of those things because you're eligible for the VA loan, which is quite possibly the greatest mortgage out there.

1. You can use the VA loan with zero down, so you wouldn't have a large down payment stuck in the house

2. The VA loan doesn't have any PMI!

Search "VA loan" on BiggerPockets and you'll find two articles I wrote that dig into a lot more detail, but I'd be happy to answer any questions you might have as well!

Welcome to the military REI community!

[Ian Verzoni]

Thanks for the response, but I've already used the VA loan twice. My funding fee would be very high on the next property so I am not interested in using it again, which is why I'm interested in finding other unique funding avenues.