All Forum Posts by: Vinay Kolluru

@Greg Downey do you have any recommendations for who to ask about these kind of pooled loans?

Thanks Kyle. Do you know if Arbor would be able to package them and do 1 refinance for them all?

I have a deal with 8 single family houses that are all in a continuous area, but each house has its own title.

Does anyone know if we can package them together and use a Fannie Mae multifamily loan to refinance them after we have renovated them? Or are there any other ways to refinance them?

Great to hear someone else is doing the same thing! Very helpful advice from you - much appreciated.

Thanks, Scott. My question was more if I could have both a HELOC and a cash out refi on the same house, given that the primary mortgage was paid down.

Yes, still in draw period for HELOC. HELOC also has a $0 balance. I'm trying to set it up where I have maxed out the equity I can tap into so I can invest. I want to sort of set myself up as my own bank.

Thanks, Patrick. I most likely wouldn't want to do a cash out if it means closing the HELOC. Have you heard of any situation where both a cash out and HELOC are on the same property, given there is no primary mortgage?

If I have a house that is paid off and has a HELOC on it, would I be allowed to do a cash out refinance on that same house?

Since there is no primary mortgage, I think the HELOC would be in 1st lien postion and the new cash out refinance would be in 2nd lien position.

@Ada S.

@Mitch Miller