However, in April, when tragedy struck my family and I needed cash fast, it was my old standby bank that, refinanced a property I had financed with them and had my funds to me in less than 10 days.  

While I've gained some decent experience in the past five years buying and holding onto two triplexes, refinancing is still a mystery to me. 

I had owned the property for about 4 months when I refinanced with them last year. 

The posts have the purchase prices, rents at time of purchase, new current rents along with appraised values for refinancing purposes. 

The way I currently am financing these BRRRR deals are through my line of credit and then refinancing to the 5-6% interest,  20 year, 5 year adjustable loan after the appraisal.

@Ali Boone Cheers - not sure of my budget just yet; I'm used to having done traditional lending through banks and don't have much experience cash-out refinancing yet, but currently reading up on all that stuff and exploring options.I'm actually from Charlotte originally so I would feel a little more comfortable investing in the city....I think for OOS I would prefer something more turnkey at first unless I was very confident that I had good contacts (contractor) "on the ground."

I would be putting that money back in to the HELOC by refinancing the properties after a seasoning period. 2.

(Positive Cash Flow) (Credit Score over 800)2018-In February we refinanced our house in Hawaii.2018-In March we refinanced our Condo in PV Beach.2018-In May we bought a SFH in Central Alabama.We bought it with cash…purchase and rehab cost was $42K.It rents for $725/m.

And ideally you will eliminate the HELOC balance at some point by either refinancing into a fixed rate loan, selling the property for a profit, or by some other means. 

I am looking to buy a 2-unit multifamily for approx. 60-70k. It is appraised at 112k. After purchasing and renting units, when can I refinance in order to pull out HELOC and gain cash for projects on the home? Also us...