I might be able to help, but what's the reason your builder is looking to refinance? 

Just wanted to mention that the cash out refinance funds are not tax free forever.

What you use is what you have to pay back.Cash-Out Refinance Cash-out refinance this gives you cash from the equity you have built up in your home.

Personally, I'd cash-out refinance into a 30 or 15 year loan.

we need our own forum for this concept. I'd argue that there are very select zip codes where this strategy works. You need to find a zip code where land values are 10% of less of after built value. You have to find a ...

Just underwrite a refinance assuming about 30-36% of the money you will receive goes to refinance closing costs at worst, and find discounts when you can.

Quote from @Daniel Hartz: How would you refinance an investment property in Texas?

Usually of the home requires major repairs it may require a HML "hard money loan" then you refinance in 6 months on the new ARV.DSCR is also not a great avenue for low loan amounts because all loans under $125K will take a rate hit and the minimums are usually $125k after down payment with some going down to $100K Min.

I frequently see where one party is awarded the property and debt and is mandated to sell or refinance it within a certain timeframe to have the other party removed from the note/mortgage.

Hey Patrick, You can easily do a 1st mortgage refinance or 2nd HELOAN DSCR Cash out while keeping title to your property held in an S-Corp.