For example, you could just refi what it owed with a conventional or DSCR loan using the new value right now with a 30 year fixed.

Now I am looking to just get a conventional loan then do a cash out refinance to pay of heloc later.

Your best bet is the highest money down conventional you can do.

We're seeing inventory for another primary in the $200-250k range. 

Many areas of the country are experiencing an affordability crisis, and most have low inventory.

@Joe Carpyou can buy rentals with a DSCR loan, and they will not require W2 income like a conventional bankhowever, down payments will be 15-30%, so will use up your cash fasthow to scale as we sink money into each property is definitely a major challengei have done a couple successful BRRRRs that helped preserve capitalhope this helps

The inventory is sitting there from what I see from market data.

Following a pandemic-driven boom in 2021-2022, characterized by soaring prices, rapid sales, and a sharp drop in inventory, the market began to cool in 2023 due to rising mortgage rates and economic uncertainty.

You aren't getting a conventional loan unless you have several years as a 1099 of similar income.

As a foreigner getting conventional lending might be an obstacle and I think there will be many people on this forum that can provide resources to guide you through.