For long term, the main benefit is having someone else pay off the mortgage on an asset while you collect cash flow.

One solution I’ve seen is closing the purchase in cash, then securing the HELOC afterward, though this carries more risk.

Their target audience are professionals with cash don't don't have the time or desire to become educated and are willing to pay/forgo some revenue for a experienced investment relations firm. 

:)  Is it still cash flowing after the refinance?  

Between the equity on the condo and the extra cash you have, you can purchase 2-3 homes. 

I wish someone had told me about this when I bought my first place.I run a Property Management company and would only recommend a property mgr if you are cash positive or physically cannot tend to the property.  

Purchase price: $70,000 Cash invested: $60,000 Sale price: $70,000 Have under contract for $70K and will rehab.

Any amount you purchase less than you sell, or any amount of cash you take out is considered to be profit. 

It's amazing how cheap it can get when you're paying physical cash and having your contractor pick it up at the warehouse.

In addition to refinancing, DSCR loans, and cash-out options, we now provide our services for all property types, not just those from NetWorth.