I didn't think about refinancing into a conventional in order to get an FHA loan; that sounds like a good move.

What i'm looking at doing is refinancing 3 of the 4 into one pkg loan for 15yrs.

@Mike Cumbie I think the sister refinanced the loan into her name but I'm not 100% sure.

I was thinking of taking one of the properties and refinancing so I could do an additional purchase and possibly flip to generate cash. 

The property was just refinanced but wasn't able to pull money out due to fees and such. 

I got the project done and refinanced (instead of sold) and gave them their money back in 5 months. 10% return in 5 months is 24% annual rate of return for my investor, needless to say,  they were pretty stoked. 

Dear folksWe have 3 Properties that we acquired using our HELOC As the down payment few years ago.One of the mortgages is coming up for renewal and considering the property value went up about 70% in 3years I am plann...

Dear folksWe have 3 Properties that we acquired using our HELOC As the down payment few years ago.One of the mortgages is coming up for renewal and considering the property value went up about 70% in 3years I am plann...

Looking for help finding simple pro forms software to analyze business model consisting of purchasing 5-10 single urban homes one at a tIme, rehabbing and renting all using line of credit and cash, the packaging in a bundle and refinancing for 5-15 year hold.

After looking at some info on cash out refinancing, I am now considering this as it would be a strong rental in a great area.My situation:This would be my 3rd  buy and hold...1 rental, 1 rv storage yard and this property.I have used a heloc for the 20% on each property but now if I hold this one traditionally my cash would not be enough to do another deal.I have flipped 1 house earlier this year with the intention of doing a few more to draw the heloc down to nothing by end of next year.If I do a cash out on this one I may not be able to pull all of my initial 20%/rehab out, but would be covering the notes/expenses and cash flowing some each month with a long term asset.