A rural-marked appraisal will be capped at 65% LTV; vacant is OK on purchases and refinances with less than 6-month seasoning.

These are properties you can rehab and furnish yourself, with the potential to refinance and pull out some or all of your initial investment. 

With a rate higher than what it was when I got the mortgage and only owning it for a year it wouldn’t be worth it to refinance would it? 

I could wait to do my renovations and just lay down new flooring for now and advertise for rent while waiting to purchase the other side, but that could hurt my appraisal, and refinance amount.

If I were you I would want to wait, 3-6 months to refinance my primary, as its a given that the interest rates will be lower in 6 months.Depending on your interest rates from your 1st mortgage and 2nd heloc, you can turn your Heloc into an amortizing loan by making payments on it every month. 

The key to remember is that you only get appreciation once or twice - when you sell or maybe cash-out refinance the property... whereas cash flow is every month (on a good purchase).  

Generally if you are looking at a rate-term refinance (i.e. less than $2000 cash-out or just refinancing into a long-term lower-rate loan but same loan amount) then you should be fine - if looking to cash-out on the refi - generally will need to wait six months of seasoning however there are a few lenders that will do cash-outs at the 3 month seasoning mark

IN RETURN, I AM WILLING TO OFFER 60% OF MY SHARES FROM OUR REFINANCE CASH OUT PROCEEDS WHEN PROJECTS COMPLETED IN 6-12 MONTHS.Preferably experienced investro from Utah will be a bonus but will consider all....If you're interested please text or call me at my direct number asap (415)483-6120.  

If a deal is split 50/50 and you are using the BRRR strategy, at refinance time do you split the money you get back or does it all go back to the money partner and then everything gets split moving forward?

I am looking to do a cash out refinance.