The church rehabbed the property, and three years later refinanced and took me out.

Refinancing won’t bring us that much to buy out this partner.

As these properties are all paid off in full, we are considering re-financing a few of them at some point for repairs, but also to potentially expand the portfolio as well.Thanks again,Phil 

@Kent KettellWe have been using loan to cost funding our deals the past three years, with community and credit unions, and the refinancing once stable to agency.we are able to get 80% of the rehab built into the loan, and it has allowed us to come up with less.

If you are looking at a loan amount of 100k then I wouldn't recommend refinancing unless you are shaving at LEAST a full percent off the loan and likely that wouldnt even be enough.  

I've looked at airdna and the VBRO revenue calculator but will check the other sites.I have another question re financing...let me know if there's another group to post in.

I would suggest refinancing into a 30Y DSCR loan with little to no prepayment penalty.

However, this comes with the risk that market conditions or interest rates could change, making refinancing or selling more challenging at that time.On the other hand, a conventional 30-year mortgage offers long-term stability and predictability.

I bought a duplex in RWC in 2013 when things were a lot cheaper, and then refinanced when rates were crazy low, so that worked out well but it's a different world now sadly -- otherwise I'd love to rinse and repeat!

You will also have the ability to refinance the new purchase easily with a delayed purchase refinance (You can price these as a rate and term refinance), if you plan on only refinancing the purchase price + cost of improvements.