Are there any new opportunities or pitfalls to be aware of? Your advice is appreciated!

Additionally, if the HELOC is being used in 2nd position, you'd don't have access to any of those extra payments without selling or refinancing the 1st position mortgage. 

If we go by the BRRRR method, we're already going to buy and rehab it, then would it not make sense to just flip it at that point and cut out the need to deal with tenants, home damage/repairs, refinancing, etc.?

Refinanced in 2017 roughly to drop PMI, lower interest rate and add my then wife to the mortgage.Selling for 287k in August of 2024I know that I won't have to pay capital gains tax on the profits- my question is the profit from the sale still treated like income and taxed accordingly?

Fast forward a few months, we refinanced the building and sent the construction lender the $2M appraisal and nicely told them our loan was the least of their problems and will never borrow from them again.

So I guess when I do BRRR, once I get refinanced, I pat off the debt from credit card and re-do BRRR I guess?

Plus with HELOC's you can only pull what you actually need and pay it down/pull the cash out as you need it.Dan - I agree with others about exploring a HELOC first to pull out some equity as opposed to refinancing.

Hi Rebecca, DSCR's are great loans for refinancing your investment properties and below are the main things to keep in mind for yourself.1.

I'm in the process of refinancing an out of state rental property.

HELOCs have higher interest rate but much lower/to nearly no closing costs, refinancing has much higher closing costs but lower interest rate.