Alternatively, consider a cash-out refinance to access equity without triggering capital gains or explore a 1031 exchange to defer taxes by purchasing another investment property.This post does not create a CPA-Client relationship.

I was back out the next day putting up sticky notes, and we continue doing that every weekend along with driving for dollars (D4D).Our real goal is to focus on BRRRR (Buy, Rehab, Rent, Refinance, Repeat).

Hi -Hoping to get some advice and/or connect with a potential lender for my scenario.Currently I own a 37 Acre lot with 1 Duplex and 1 SFH. Total rent between the three is $3200/month.I have an adjustable 20 year mort...

The added Prepayment Penalty, makes the loan technically more expensive than a traditional conventional refinance if you decide to refinance in 1-5 years. 

Presumably the borrower is unable to refinance at current rates.The borrower may or may not be making payments on the note, even though it is past maturity (is it a problem to foreclose if they are making payments?)

So in that time I should have around $25-30k in pure profit saved up in rents.Once I have finished the rehab and stabilized the property I plan to either sell or refinance within the year.

BUT, refinance/heloc/2nd mortgage appraisals do not have a contract price to help target the value you are seeking. 

But, your refinance is not always tax deductible. 

This in return has been affecting my ability to secure a recent refinance I attempted with a renowned bank.

Jerrell,That would be a pretty simple process you could use a renovation loan or do a cash out refinance.