Thanks No you cannot refinance a property but why not just get a traditional loan for the property?

Could you detail the process for a traditional wholesale and any monetary requirements as you understand it?

serious buyers but also the property may not qualify for traditional financing.

It's not a get rich quick scheme, it's a lot of active work and I would have 5 yrs in my head at a minimum before you truly become established and stabilized. 

For long-term strategies, a cash-out refinance is usually more advantageous, as it preserves ownership and offers fixed terms.To proceed, start with a professional appraisal to confirm the home’s value, compare refinance terms with traditional lenders, and carefully scrutinize shared-equity program terms to ensure they align with your financial goals.

We got it appraised for traditional financing and it came back at $3.125M so we were able to get our investor their $1.5M back.

Thank you very muchJaša This is how traditional banks, private credit funds and anyone in the lending space works.The challenge you will have is finding someone to give you money at X%. 

“Selling” a co-living room is very different to showing a traditional unit. 

My vision includes developing the land into a destination with features like driveways, walking paths, utilities, and unique lodging structures.Here’s my tentative plan1.Place the existing STR in an LLC2.Apply for an SBA small business loan to fund the next steps, including a feasibility study (~$10k+), land clearing, and infrastructure development.While this direction excites me, I’m torn between pursuing this venture and continuing with a more traditional approach—buying one home per year using conventional loans.I’d love to hear your thoughts:•Has anyone transitioned from STRs to glamping or similar ventures?

Identifying the right people will set you up for long-term wins.Remember, credit is a tool—it’s not about getting rich quick but about building wealth responsibly.