Updated over 5 years ago on . Most recent reply
203K House Hack/BRRRR
Can someone tell me if this strategy is possible?
1. Buy a distressed 4-Plex, rehab it, and house-hack it using a 203K 3.5% FHA loan
2. Get a Cash-Out Refinance on the appraised value after 1 year of living in the property
3. Move out and then repeat
Most Popular Reply
@Yazan Dabbagh Seems like you're checking all the boxes on what is permitted. Go for it! Also note, there are other acquisition + rehab products out there, some conventional. I used one on my primary residence and think you should explore those options in addition to 203K.