oh yea, I recently started my own business (2021 was my fist year in business, commercial door company, non real estate related venture) and gave up my w2 income and was already denied another refinance on my primary due to lack of self employment history. this was with the bank my business uses with and they want 2 years of self employment income on the books. end of 2022 will be 2 years so financing may be an issue if I want to 1031 now, but i havent really thought all of that out yet either. 

Quote from @Denis Ponder: Quote from @Thomas W.: I am looking to use the HELOC to take the equity from my primary residence and use it as a down payment for an investment property.

Though it's hard to deny the fact that Roth Ira's are 100% tax free after 69.5.

They can likely purchase a policy but claims will likely be denied if it's not a legal residence

I do remodeling work, so everything is well done, but I'm nervous the refinance could get denied because of the changed space.

Should I just deny them all?

Quote from @Denis Ponder: Quote from @Zach Bosson: @Kyle KlineWhy not use the 15-20k in savings and lose out on the 5% interest instead of incurring 8%-13% on the HELOC?

@Noah Loveless I do have storage in the yard but seem to be not enough I have offered additional storage but for a cost but they denied it

Most, if not all, insurance companies will deny any claim on a dwelling with un-permitted construction/upgrades.

The floors in the unit are tile and vinyl planking throughout.Based on the above, the applications were denied.