And then once you go through the full cycle of renovating, refinancing, you can take the  cash out funds and buy the next property with it.Best!

We bought the houses (one through hudhomestore.com and one through auction.com) with the home equity loan, rehabbed the houses, rented them, and refinanced them after one year in order to get back the money we had invested.

Once I get above 50%, I start to think of refinancing a property to get me back down to 40%.

There were always a couple cars with for sale signs in the bank parking lot.But no, if you refinance it would erase the debt of the first loan including any collateral unless you refinanced at the same bank and they required you keep the vehicles as collateral.

Just refinanced my first BRRR property.

Thinking about refinancing to get a lower payment, or cash out refi or Home equity loan which would free up more cash to speed up the process and use that money for a down payment.

Additional info that may be relevant RE financing.

Talk to a lender about refinancing they will be able to let you know what you qualify for, but you will probably be sacrificing a higher interest rate for lower overall payments.

KrauseI didn't invest in turn key rentals, but I was buying/rehabbing/renting/refinancing properties in Virginia when I was in Hawaii..

I refinanced about 30 days ago. 5.75% for a NOO SFR .