You can lose a lot of capital by refinancing to fix the roof or re-plumb the place.

b) Buy/rehab the property5 - After the "seasoning period" required by your lender, get the property refinanced.6 - Take the cash from the refinance (this is why you use cash to start with...and not a loan) and repeat Steps #4 - 6...as many times as you want/can.Note: After a certain point, or even in the beginning, you may need to involve cash partners to get the needed cash together, or a credit partner if you can't get approval for the refi's.For me I didn't have the cash to put down, so I used a hard money lender.

At the same time as refinancing, we were getting a pre-approval letter for another property (this ended up falling through but leads to my question. ).  

Renovations are being completed within the next few weeks, at which time the property goes on the market.Scenario 1 - The property is sold, my note is paid back, and I receive 20% of the net profitScenario 2 - The property is re-financed, my note is paid back, and the property is rented.

We'll be refinancing our main home and pulling enough cash out to pay off a rental property (our first).

Hello BP,I am in talks with a lawyer to have my name put on the deed to my grandparents home. The house still has a mortgage balance with an rate of ~6.26%. I would like to have this rate dropped to current market rat...

I plan on covering the 20% and refinancing as soon as possible.

The size of the mortgage depends on if refinancing individual loans or several under a blanket loan structure.

Kyle,To me the COC return is low, but I try to focus on forcing appreciation through rehab and refinancing with little to no money down when I'm done.  

The balances are too low to bother with the pain and costs of refinancing.