You may be better off refinancing with a cash-out mortgage and then financing the new property.   

I am in the process of refinancing.

Texas does have specific rules regarding home equity loans and cash-out refinancing (often referred to as "Texas Equity Section 50(a)(6)"), but these don’t prohibit homeowners from using funds for investment properties.

Cash out refi only if the rental income significantly exceeds the monthly payment and you want liquidity to invest elsewhere.2.You can maybe do a HELOC if you want a smaller loan that doesn’t involve refinancing the entire house.3.

I do not see a path to refinancing and see the better option is to sell the property.

I like to do cash out refinancing at market price one month after purchase.

@Jordan Kaylor Using a HELOC to purchase a property and then refinancing into a conventional mortgage is technically considered a cash-out refinance.

If a seller refinanced a house at around 220k and has about 120k left in mortgage, but the house also appreciated to 450k, how do I structure a subto/seller finance deal?

Hey BP, I recently purchased my second investment property! It is a mobile home and I was able to get seller financing for half of the purchase price. I plan to BRRRR this property to pay off the seller and get my mon...

Our refinancing experience with Kiavi was frustrating.