getting a HELOC on investment property the Refi into DSCR

[Richard Pastor]

Hi all

I have a strategy question for you all. I have purchased a 4 plex with hard money as well as used my HELOC from primary residence. I did a cash out refi on another investment property. The investment property is now in a LLC. I used that money to pay off the HELOC. I will use the rest to pay off about half of the hard money loan for the 4 plex as well as finish the rehab. After the rehab the ARV of the 4 Plex should be around 650k and I will owe the hard money lender about 160k. What I would like to do is get a HELOC on the 4 Plex then Refi into a DSCR loan. The DSCR loan will likely be in my LLC. Due to the low amount I will owe to the hard money lender I want to get a HELOC to find and fund other deals but when I am not actively doing deals I want the cash flow. This is why I dont want to refi the max amount. Is this possible or am I just dreaming?