You have a decent loan on the place that you won't be able to replace from a cashflow standpoint.So keep at it. 

I got a HELOC loan on the home for $130k.

Just in case.Ultimately whatever correlates with your future plans but a solid way to build long term wealth.

These loans are short-term as you mentioned, typically 12 months, so you'll need to refinance before that balloon comes due.

Hi Robert,Given you are looking to buy another rental (long term), a cash out refinance on the existing property would be a good play here.

Placed another 8 unit portfolio under contract in early March, unfortunately contract expired on April 23rd, couldn't secure favorable loan terms that wouldn't allow portfolio to meet cash flow numbers because banks changed lending practices due to Coronavirus pandemic.

I get a DSCR loan on the property and we try to suck out as much money as we can to leverage the property at 75% of the ARV.

Real estate investing can be an effective way to build long-term wealth, and among the various strategies, one has gained significant popularity over the years: BRRRR.

How can they not get loan with good fundamentals?

But as for the seller finance, would the loan to the seller be the difference between 450k and the refinance number of 220k?