Equity credit line , or refi? A seller fiananced deal

[Timothy Swenton]

I have a four unit I bought seller financed. It’s a 10 year 4% note. Great sellers have helped and treated me well.

I’m in the process of some value adds. Won’t be much longer till done and stabilized.

I am thinking of either refi or some sort of line of credit on the property in order to cash out and purchase another sort of BRRR it.

The sellers would rather me not refi at least not yet as they do not want to get whacked

In taxes when I pay them off. (Nothing in paper work that says I can’t though)

Now I probably sound like a softy saying I’d rather be nice to them and hold off on a refi, so what are my other options? I assume something down the road of an equity line of credit on the property? Are those like going through a refi, I’ve yet to do one

Thank you!

Tim from

Maine