@Zane Cress  a refinance of a property after a 1031 is not a taxable event. 

@Zuber Allibhoy @Victoria Weiss @Manny Raimondo @Mauricio Blanco Did you guys have any luck with heloc refinance on investment property in Texas? 

We've been reading a few Real Estate Investing books and hoping to get some advises/guidance here.About us:- In our early 40's, primary residence is a SFH we purchased for 750K with 20% down, now value at 1.25 million, with mortgage balance of 425K (refinance to 15 years fixed 1.99% in September 2021).

The one issue I think I’ll have on my hands is I prefer to house hack again in the same town (appreciation seems to be great along with rental amounts) but I’ll need to refinance my current house hack into a conventional which I doubt is at 20% equity yet since I don’t think I’ll have a valid excuse to have two owner occupied loans in the same town.

I then decided to remodel the entire building and refinance afterwards.

To make the CoC look much better, the thing to do now is cash out refinance.

Rental 1 - Cash flow Breakeven - rate 3.875% - 20-25% equity (not looking to refi)Rental 2 - Looses about a few hundred a month - rate 9% looking to refinance soon to 6.9% but debating on waiting until rates drop further - 5-8% equityPrimary - currently at 7.25% waiting to refi to 5.5-6% - about 5-10% EquityMy current net worth breakdown is approximately...Real estate 39%Cash reserves 7.5%Brokerage 30%Retirement 17.5%Other 6%

Purchase property at today's current rates and relatively lower property prices then Refinance when rates drop. or 2.

Attend a couple meetups/REIA meetings and talk to others about what you want to do and where you feel your holes are, and have them help you for free, to at least refine that list so you can talk to Jake and ask how he will help with your specific gaps in knowledge.

Plan to eventually cash out refinance with conventional loan in 12 months, but looking to get out of my hard money situation to save on holding costs.