First time BRRR + House Hack Using Bank and Hard Money to Finance
I am a first time buyer/investor looking in the Denver market. I currently do not have enough saved to put 20% down on a property nor the income to qualify for the amount that i'd like to be buying at (~400,000 price range). I am thinking of using a conventional loan (to the amount I can qualify for) in combination with a hard money loan, then BRRRRing the property to repay the hard money loan (after a refi) and keeping my conventional bank loan. I plan do use said property also as a house-hack and live in one of the rooms after the BRRRR. Thoughts?