If so, was your new loan conventional? 

Thanks, HELOCs the way you want them probably structured as a DSCR do not really exist to the best of my knowledge, you can do an investment loan heloc for a super high cost, but you will be subject to a traditional conventional underwrite.

@Becky Hoffman If one member of the LLC does not care to have any claim to the property as you describe why can't the partner merely be removed from the LLC.

You may have to do month-to-month leases.Regarding the basement, most cities really don't care if the homeowner chooses to live in the basement.

You can't expect to get the same results investors were getting in 2018.You can play with the numbers a little, but be careful.

@Jaskanwal Preet Singh ChhabraRefinancing a converted property for coliving involves appraisal, loan types, interest rate reduction, and careful planning.

this is mission impossible.. although you might have some fake lenders approach you looking to steal up front money from you.. so be careful. 

Grishma GovaniList of best real estate marketing tools from RE/MAX R4 convention

Higher Fees and Costs: Cross collateral loans may come with additional fees, such as appraisal costs for each property involved, which can increase the overall cost of borrowing.In conclusion, while cross collateral loans can provide valuable opportunities for accessing larger amounts of financing and potential cost savings, they also come with considerable risks and complexities that borrowers must carefully consider.

As private money lenders, protecting your investment starts with careful borrower vetting.