@Doug Pretorius I love your idea about refinancing, paying the seller, and keeping it as a rental!

The only deal I am working on is currently my primary residence, which I am planning on refinancing and turning into a rental as we will be purchasing a slightly bigger home for our growing family.I just recently stumbled upon BP recently and am so glad I did.

So for my first potential I am thinking about refinancing my primary residence just NW Atlanta so that we can have the down payment on a slightly bigger home as well as pay some debt off and establish an emergency fund.

Loan originators no longer must have ‘skin in the game’https://www.brookings.edu/blog/up-front/2018/03/15/loan-originators-no-longer-must-have-skin-in-the-game/When I refinanced my mortgage in the early 1990s, the industry was recovering from the appraisal inflation of the heady days leading up to the Savings and Loan Crisis of the 1980s.

I'm thinking of about a hundred ways to do this, but did you try refinancing with a local bank? 

If it is a long-term hold, I would definitely consider refinancing.The key issue isn't as much about cost of refinancing vs cash flow.   

He could get up to 75% LTV cash out from refinancing the property.  

The facts:-Two properties (one in NC, one in FL)-NC property has VA loan, FL property has FHA-NC property has 0% equity, FL property has 25K in equity (purchase price 100k, appraised 125K)-A VA IRRRL (interest rate reduction refinancing loan) allows the borrower to extract 100% of the appraised value!

He house hacked- meaning lived in the home and rented out the other units, BRRR’d- Buy, rent, refinanced, repeat, diversified his assets by choosing multifamily, empty lots, RV units, etc, and did his own construction and creatively built units (one house he bought for $250k, built two units in the back, and now appraised for $750k).He has been a great inspiration and taught me much knowledge in the field of finance and real estate.

Looking for ideas on refinancing the homes I currently own, and take out cash for either BRRRR or purchasing multifamily units.