This refinance would potentially allow you to pay off the construction loan and potentially access additional funds to build more units.The new loan amount after the cash-out refinance will be based on the current appraised value of the entire property, including the new construction.

I'm a out of state investor, opened up an LLC. bought property in this LLC Free & Clear and now need money out of these property to pay off some loans and bank is telling me that after Covid they are not giving mo...

Out of area is very tough - tougher than advertised?

This creates access to capital.Potential benefits that I can think of: -Very stable tenant.

You can access equity of current primary by a Home Equity Line of Credit (HELOC) or refinance.

My sellers that I have spoken with regarding this have opted to continue to advertise a BAC.

Develop different buy boxes.Land that you can subdivide.Land with two access points or roads.Rough land that has trees, ditches, nasty property.  

This achieves your goals of, both, accessing the equity and growth, and reduces your stress & workload. lolFeel free to connect with me.

If it sounds to good to be true and only one person has secret access to it - it is a scam. 

Personally we wouldn’t want the tenant trying to find a new person to fill the lease, as we think we have a better idea of who we want from screening applicants and we have a way to advertise for them.