I am now looking to refinance them (HELOC) and I cannot find a bank that will do this.

Does this hurt my debt/income ratio for future loan prequals or is that ratio dependent only on what you've taken out of a HELOC?

Second loans are based on equity, whether a Home Equity Loan (HEL) or a Home Equity Line Of Credit (HELOC), and they will usually only do those loans at a 90% CLTV (combined loan to value).

In a simple case of a first mortgage and a HELOC, and for CO law, its like this.

HELOCs on investment properties have gone the way of the dodo.

So when investor #2 doesn't have the funds to fix the repairs, they either have to use credit cards, take out a heloc, borrow money from a bank or friends or sell one of the homes.  

You could look for a low interest rate HELOC and sit on it until you find the perfect deal.  

However, it is possible to get a HELOC that costs nothing at all, even on an investment property. 

Do it againAfter the work is complete on my personal residence, I should be able to open up a HELOC to purchase another property for pure investment/profit purposes as the subject of this post suggests.

HELOC / Cash out refi [yes, both of these things exist]Looking to refinance.