Brrrr after and FHA loan
Hey everyone I got a question,
I'm looking to buy my first property, a duplex to house hack using a FHA loan and my goal is to use this first property to launch my investing journey using the equity on the house to get a HELOC and start investing using the BRRRR strategy.
Now my question is, can you get a HELOC on a property that has a FHA loan in place or will I have to cash out refinance it into a conventional loan in order to do that?
Has anyone in here done this before?
Any insight I can on this will be very much appreciated,
Thanks