Since I started investing I have completed 4 rehabs, 3 in which I have refinanced and have kept as rentals, the other one I sold after its completion, and I have my biggest rehab project to date going on in Kenosha.

After that you will be able to easily find a lender to do a refi for you using 30 year terms.I understand you guys probably prefer to leave them in the LLC for asset protection but unfortunately that doesn't jive with your goal of refinancing your money out of them.

I know my bank gave me a hard time when I was only trying to remove my name's wife from it while refinancing; and (2) whether the LLC will help.  

Loans 1-6 can be cash-out refinanced up to 75% LTV on SFRs and 70% on 2-4 units. 

Buy in good rental areas, for when you move and RE-APPLY for FHA after refinancing!

How are you all refinancing with a bank a a lower rate if you have other mortgages and you dti is maxed out by their models?

I don't want this to happen so I am currently refinancing my home so that if I must I can pay it all out of pocket.

ok thanks. i just wanted to clarify. because the person i heard this from was at a class about being a "raiser" to raise money for a loan or for a fund. and they were talking about raising money from accredited investors opposed to non-accredited. and the requirement to be accredited was that you needed to make $200k or more for 2 consecutive years in a row. and then the class also mentioned some things about refinancing certain deals. so i think this person was getting something mixed up and confused and combining the being an accredited investor with the refinance part. and i was trying to tell them that i think they are misunderstanding but they kept telling me i was wrong.any other responses / answers would be great.

These appraisals should reveal both an opinion of value, and let you know ahead of time if you will have issues selling and/or refinancing them.

Have you thought about refinancing it?