Updated over 7 years ago on . Most recent reply
Buy Rehab Refinance for Primary Home?
I was wondering if anyone has tweaked the BRRRR strategy for their primary home?
Most Popular Reply
I don't really understand what you mean....
The best "tweak" I know for a primary residence is to use a FHA 203k loan. This will allow you to buy a fixer upper and finance the rehab cost, while only requiring a 3.5% constribution from you.
Not only do you get to create equity from the rehab, but you also get to live in a brand new home, which you can sell capital gains tax free in 2 years. It's a pretty sweet deal