I dont want to cash-out refinance because my margins are very thin already and refinancing to a higher rate will only increase my monthly payments and negatively affect cashflow.

HELOCs offer equity without refinancing, but have variable interest rates and risk of overleveraging.

Great idea by not refinancing that current mortgage on your primary. 

I am a licensed contractor, have a budget realtor I work with and I get my funding at 1pt and 5% and even with those advantages I am fixing, renting and refinancing because there just isn't enough profit in the fix and flip to make it worthwhile to sell.  

You can always look into refinancing if rates drop later.Property Type: Multifamily properties tend to offer better cash flow than single-family homes.

I think that your best bet is to offer the Holder of the Contract for deed some sort of discount if they refinanced out of the contract for deed so you could get your equity, short of that I don't think you have a lot of options.

We put 20-30K into a 180K property, and have refinanced it to remove all of our initial investment. 

You can also look at refinancing for a lower payment, rates are in low 6s now and likely to hit 5s in next few months. 

A reduction in interest rates might not only boost homebuying activity but also trigger a wave of refinancing as homeowners look to lock in lower rates.4.

Both houses were financed via Hard Money at 11.99%.Hi Carlos: If you have enough cash reserve refinancing and renting these properties may be your best option.