Yes, you can use a bridge/hard money loan to secure a property and then immediatley refinance into a 30-year loan.

I’m looking to purchase my second property (hopefully a duplex) and believe using a home equity loan is the best way to tap into my equity to use as a down payment since my mortgage rate is 2.5%.

As there come some additional caveats with VA loans as far as competing in the market goes.

Nothing is final until the judge raps their gavel on the bench, so seek official guidance from your attorney or CPA which is pertinent to your situation.

A lender may classify detached multi units as residential in portfolio loans in some states, not all.

Without knowing all the info, I would lean towards holding it and taking a loan against it to use for other investments.

The hard money loan is only there for about a month so you can refinance it with your new conventional mortgage loan.

Borrowers that purchased during the last 24 months, particularly with alternative mortgages such as DSCR loans at elevated rates could see worthwhile refinancing scenarios in the very near term just as any early payoff penalties are expiring. 

I know it is more expensive, but depending on the situation might make sense for resale, etc.2.

I should be getting a slip in the upcoming weeks and would like to offer it to guests as a selling point or up-charge to the property but I wanted to ask has anyone had experience with a similar situation?