We were running out of money to continue carrying the property, so we took it.We refinanced all our existing debt into a new 30 yr loan for $2M, which was 10 years IO at 8.375% before going principal + interest in years 11-30.

It is hard to pin down specifically, but that seems to have been a factor in a few of the ARV-Appraisals that I've seen and has impacted the refinancing process.Otherwise, it has been a great market for my clients, great cash flows and repeatability which has really helped as they have scaled.

Alternatively, using your HELOC to acquire another cash-flowing property, then refinancing that loan later, can be a smart move.

I did pay about $6000 a month in interest to him until I refinanced it.

I am planning to offer an equity position to a friend in a property I am currently in the process of refinancing.

This is a question on refinancing- If I own a property in a Llc company with lots of equity, I refinance, that money is classed as tax free as it’s a loan/debt?

Soon there will be a refinancing event wherein I will be cashed out. 

Other options include the BRRRR strategy, which allows you to recycle your capital by refinancing after renovations, or partnering with an experienced investor to scale faster.

I am simply trying to offer a solution that is fair to both parties that allows the property to stay in the family.The biggest problem is they are having trouble refinancing the property due to credit balances.

If your goal is to just payoff the hard money loan, and you plan on refinancing again in the next year or so, conventional will be less expensive.