It’s appreciated quite a bit and we are now looking to extract cash for more investment before rate increases make a refi or helo/heloc detrimental to cash flow.

A few keys to quickness: Your contractor should be ready to demo the day you close and own the propertyYour lender should be included BEFORE you close on the house so he can make sure the HUD is optimal for extracting all your cashI put the property up for rent about halfway through rehab, once it starts to have the GLOW of opportunity ;) overall it was pretty easy.  

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!

Both of my current properties currently cash-flow zero on the 17 year term so there is room to extract equity.

Before I bring my client to a deal I ask ( Are you going to try and push the market with multiple rounds of bidding and extract every basis point out of this property  OR Are you looking to sell right away to one buyer for a reasonable purchase price and terms?)

Plan to extract the $100k in equity for your new house, then ignore personal residences.Look for a portfolio loan in the amount that DSCR is about 1.25 or even 1.3.

Hello,I have a single family rental located in Connecticut that I would like to refinance to extract equity.

A qualified deal team working in concert to help extract this information is the best way to extract all you need to get the best answer.

It took me about 6 months to build this operation from scratch, because I had to make adjustments on the criteria I wanted apply in each of the verticals (I ended up with 9 channels), figure out how to get this info in the first place, then put in procedures to automate this process somehow (I started off with hiring VAs overseas, which in itself is a learning process, and now with the help of my IT friend who has partnered up with me, is in the process of automating the data extraction process using AI/machine learning). 

In most markets and neighborhoods you can establish a pattern but in markets like these it becomes completely subjective by using the extraction method.