Purchase price: $119,000 Cash invested: $200,000 This is maybe a new Category: BRRRRSR Buy Renovate, Rent, Refinance, Repeat, Sell, Repeat.

If I'm understanding correctly, for a cash refinance...If you buy an investment property, fix/repair it, and get a higher appraisal, you can then take the $ difference and put a down payment on another investment, etc.If so, are there tax implications with a cash refinance?

Personally, I have no issues making the full monthly payments from the start, so it seems unnecessary to pay the buydown payment just to have lower payments in the first two years.Additionally, my lender said that if I refinance before the 2-year period is over, the remaining buydown payment would be applied to the principal.

In it’s most basic definition Buy - Purchase a propertyRehab - Value-add with renovations and rehab things that need to be fixedRent - Find tenants to pay your mortgage (and maybe some cash flow)Refinance - Once the property’s value appreciates from rehab and reappraises for more than you purchased it for plus renos, you can use that gained equity to do a cash out refi.

Have you noticed stricter lending rules for cash-out refinances this year?

Hi Team, Looking for feedback and ideas on how to leverage equity in a 3 unit building without doing a cash out refinance?

Investment Info:

Large multi-family (5+ units) hard money loan investment in Johnstown.

Cash invested: $780,000

60% LTV
30-Year Fixed Rate
7.40%

I've known some to buy on hard money and then refinance later as well. 

I have about $125k of sellable equity between two properties I'd love to use to either fund down payments or fund the entire purchase and then refinance out, but I don't want to put $20k-100k or more on a CC and find I can't refinance out because I tanked my score 100+ points. 

Should I save for a conventional loan, get a HELOC, or do a cash-out refinance with my first property?