Assuming your cash flow is there, you could probably support refinancing the portfolio between 60% to 70%.

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

My name is Ashley Kroft and my mother-in-law has a property in El Paso, TX that will be refinanced soon to purchase my husband and I's first rental property.

Refinanced the portfolio if it is leveraged at 60% or less.

This is a the perfect vehicle to use for short term like buying a  property with cash, then refinancing the property to pay the line of credit back in full, and use it again.   

With the equity you’ve built and the cash you have, you could also explore a HELOC or refinancing to open up more opportunities.

To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

Our refinancing experience with Kiavi was frustrating.

Hey India if you use HML do you plan on refinancing?

In addition to refinancing, DSCR loans, and cash-out options, we now provide our services for all property types, not just those from NetWorth.