Hey everyone here's my story which almost sounds like it comes from a movie: we bought a house close to Atlanta airport through a wholesale company for $139,250 in August 2023 and we used a fix & flip loan to fix it up, refinance, and rent out.

So what are my best options on a refinance?

Despite them performing inline with rent projections and occupancy, their flaw was in a short-term rate cap without any ability to refinance.

I already did a cash out refinance on my primary in Texas and therefore can't do a HELOC on it.Trying to find other ways to get 10-40k cash.

Aloha Brian,I would not refinance right now.

It seems like you enjoy being active and using your hands so maybe the BRRRR method (buy, rehab, rent, refinance, repeat) is your best bet as you could save some money and do plenty on your own, you could also do a live in flip potentially and sell it or rent it out later.

Should i do a heloc or cashout refinance.

We did a number of loans and refinance loans through him so we were not a one off customer.

A DSCR Cash Out Refinance is what I am going to recommend on this.Typically can go up to 75% LTV on a cash out if you have good credit.There are plenty of lenders around here who can get them done,On a DSCR loan we do not take into account your personal income but instead qualify you based on the income generated from the property.

Adding an ADU (which I know you made another post about this but the cash flow wasn't there), is one way or moving and converting your existing home into a rental is another.I would considering using funds you have to buy properties cash, get them up and running, and then do the cash out refinance (called Buy, Renovate, Rent, Refi, Repeat/BRRRR) in low cost states.