We purchased with a conventional loan, 10% down payment:Purchase Price: $405,000Closing/Fees/Misc: $12,500Repairs: $85,000ARV: $575,000I was hoping for rates to come down some in the next year and refinance out with a 75-80% LTV.

By tapping into my network and refining my negotiation skills, I opened up a world of possibilities—opportunities to grow my portfolio faster and smarter.Off-market deals have become the backbone of my real estate strategy, allowing me to grow my portfolio faster with less stress.

I can tell you as a Banker it is much easier and you will get a lower rate if you do a cash out refinance versus a Heloc in this market.

Typically I’m seeing higher appreciation than cash flow but it can be hard to tap into that equity if rents won’t cover the new cost of the refinance.

The cashflow is great, but getting financing is difficult, especially for refinances post modification. 

You can cash-out refinance in under 90 days.

@Devon ShivesFrom my experience, If you're considering a cash-out refinance, negotiate for a smaller amount to keep the increase in your mortgage payment manageable.

If you refinance completely your monthly payment will go up probably significantly.

We were able to refinance with our go to bank at a decent rate in this environment which allowed us to pull out our initial investment and renovation cost.

It's been a couple of years since my last refinance (conventional loan of $200K, value is around $275-300K).