We just completed a cash-out refi on one of our rentals and freed up another $60k of cash.With your HELOC, work with a good realtor to find a property that requires some rehab but which, after being rehabbed, can then be refinanced for at least 30% more than the purchase and rehab costs.

I have tried with two smaller lenders(National Bank of Arizona and OneAZ Credit Union) and they have both dragged it out for several months before deciding they wouldn't do the loan for what I perceived to be fairly silly reasons(Management didn't like that the tenant had only been in for 1 year, Management didn't like that the structure used to be a residence, management didn't like that 3 years ago I took a loss in a completely unrelated business etc.)I am hoping that someone out there has had some success purchasing or refinancing commercial property like this in AZ and can put me in touch with someone who actually completes deals like this.

Hello All - I have a some questions and looking for some expertise help... In the recent months I have purchased 4 different properties... All properties Cash Flow, and as you can imagine all properties were bought pr...

Refinancing inside an LLC is going to suck. 

Right move, however refinancing the fully paid may help, especially in the multi-family realm

A true "BRRRR property" would have enabled him to get all his outlay back when he Refinanced, so that he could Repeat - without selling!

I cant see why I would want to refinance & decrease my cash flow by refinancing to significantly higher rates. 

Are you suggesting refinancing to get cash out for another property down the road?

Currently I am looking at either refinancing so I can purchase my next deal with cash or using a HELOC for the purchase and then refinancing after I rehab the new property.

For to the bust I was underwater, so refinancing was out of the question.