Newbie moving back to Oahu Hawaii

[Laine Furukawa]

Hi BP! Moving the family back to Oahu (Aiea) this summer and want to figure out a way to refinance and pull equity out of 4 Ohio investment properties I currently own. My goal is to incorporate the BRRRR method and use whatever money I can get from refinancing to purchase another investment property on Oahu. The problem is those Ohio properties were purchased with minimal work done to them as the intent was to immediately fill them with renters. It is highly unlikely that there has been any substantial equity or appreciation built up especially in that market (Dayton, Kettering, Centerville). All homes are currently rented and do bring in positive cash flow. I've owned them for a little over 6 months. All currently financed w/ conventional loans (20% down). Questions: 1. Is it possible to refinance and get back the money put down for each home at the very least (even with little to no built up equity)? 2. Would a blanket or commercial loan be of interest to my situation? 3. What would my options be (aside from selling altogether) if I did want to leverage the Ohio properties to allow another purchase in Oahu? (I'm fairly happy with the cash flow, but want to move forward in expanding my portfolio). 4. Does anyone recommend any local Hawaii portfolio or national lenders? 5. Would refinancing the Ohio properties essentially increase my cash flow in lowering my mortgage payments? I do also have close to 50k to add to whatever cash I can pull out and will be looking for a fixer upper to rehab and begin the BRRRR method. Thank you for your time and I look forward to connecting with more investors and gaining more knowledge on this journey to financial freedom! Shaka 🤙🏽 Laine