Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

25
Posts
11
Votes
Mike Akerly
  • Rental Property Investor
  • Los Angeles
11
Votes |
25
Posts

Using 203k financing and the BRRR Method

Mike Akerly
  • Rental Property Investor
  • Los Angeles
Posted

I'm planning on purchasing a property with low money down in early 2019 and using 203k financing to acquire and rehab it. I will move-in during the rehab (making it my primary residence), but ultimately, my goal is to shortly thereafter take out the FHA loan with conventional financing. I've been doing the research necessary to understand the trials and tribulations pertaining to 203k, but I'm not asking about that part of the process. My question basically comes down to the "repeat" part of the BRRR Method. Is there any reason that would prevent me from repeating this process multiple times in the span of a few years? Basically I'm asking if FHA has some sort of policy I'm going to run up against that would prevent me from obtaining repeat 203k loans on residences that I've used as a primary residence, but maybe for only 9-12 months each time before refinancing and then applying for a new 203k loan on a new primary residence?

Loading replies...