If others already did this research or even put the refinancing in practice already (preferably in Spain), please reach out.Erwin

Presumably, equity will increase, and if all the experts are right, rates will go down leaving you with an exit option of selling or refinancing. 

I also don't want refinancing risk, so any deals with only 3 to 5 year debt are out for me.

I want to keep the property longterm since its a good rental and the interest rates unbeatable but I want to pull by 10K downpayment as well as renovation budget out of the property.Has anyone ever had any sucess refinancing a portion of the home while still keeping seller financing in place? 

Renovated entire home, later refinancing and recovering most of investment.

I later learned the Crossroads deal had "blown up" the first time, and this was not disclosed when they refinanced to a new investor group I was part of.

I utilized BRRRR Strategy along with just refinancing other properties with good equity positions back then but it's simply a different landscape today. 

However, if you are refinancing a property purchased with cash within 6 months of purchase, this is considered delayed financing.

Hey Matt,I aggressively built a 12-door rental portfolio from 2019-2021, largely leveraging my HELOC.I always tell people that it's a fantastic tool as long as:- You can COMFORTABLY service the extra debt- You have a plan to pay it offI was ok with the extra debt servicing and my payoff plan was simply finding off-market deals, paying cash, doing cosmetic rehabs, and refinancing when done.

Refinancing also may not make sense unless you are using the cash to buy another property and are OK with a higher rate.