If that's not what your desired outcome is, do not get suckered into doing the FHA streamline refi.So at the end of the day, you have options, but if your goal is to buy another property, it's best to walk through all your options with a loan officer who specializes in working with investors and these exact scenarios, and map out a gameplan not only for your current property and next property, but getting to property 3,4,5 etc so that you don't get stuck on your journey.Hope that helps and best of luck!

Bridge loans can be extremely useful for situations where you may be purchasing a property that has tenants already in the property who are well under market rents to the point where a DSCR loan wouldn't cash flow.

Which would then give me two properties appreciating and earning cash flow compared to the one with the ADU.

I've been through that nightmare with clients. 

It was not comfortable in the LEAST but I was cash flowing and was essentially being paid to live in an appreciating asset.

Potential for $80/sq ft is there,if it’s actually cash flowing 

It needs some light updates, but there is a ton of equity I want to capture through a cash out refinance.

Nothing better than finding that diamond in the rough and then flip it as long as you have the time, money and energy to see it through.

Land loan through a small bank.

This deal was sourced through our extensive network, allowing us to secure it at an attractive price.