My current plan was to take out around 250k by refinancing to a 550k 7% loan from a $290k 3.25% interest loan.

All six units will be fully rented out before the refinance, ensuring steady cash flow.However, I'm finding it a bit challenging to locate lenders who specialize in cash-out refinancing for multi-unit properties in the South Georgia area.

But we did take a $40,000 down payment from our first property, refinanced that deal twice taking out non-taxable money and reinvested that to buy four more properties from the refi money, which is not income so there is no tax. $40,000 got leveraged into $1,200,000.

Our first home was an FHA but we have since refinanced. 

If I’m unable to use the $700k (out of $800k) to purchase $1.75M (40% down) RE what’s the point of even cash out refinancing when I have just 3 years left. 

Then refinanced 2x How did you add value to the deal?

Then refinanced 2x How did you add value to the deal?

Then refinanced 2x How did you add value to the deal?

However, the house is in a decently rentable area and I refinanced during the low rate days at a 2.615% rate.

But a lot of my clients that can get these better deals are now refinancing and keeping these and stacking inventory and when market conditions are such they can exit they will start selling and it makes sense hold them over 12 months and now you have a performing asset and you have cap gains instead of ordinary income.