Shelby,You refinance the home that has the most equity so that you can get the Max cash out at a lower LTV for the lower rate. 

I own both myself and I also have helped many out of area investors find properties that work what you are considering

Waco’s housing market is heating up—what strategies are you using to find undervalued properties before they hit the open market?

Purchase price: $58,500 Cash invested: $55,000 Sale price: $155,000 Contributors: Peter Vekselman Partner Driven, alongside our partner Billy Medlen, purchased a home on Buffalo Rd in Crocker, MO on 2/1/2024 for $58,500.

Purchase price: $58,500 Cash invested: $55,000 Sale price: $155,000 Contributors: Peter Vekselman Partner Driven, alongside our partner Billy Medlen, purchased a home on Buffalo Rd in Crocker, MO on 2/1/2024 for $58,500.

When the 5 years come up the property has been tapped so the next buyer certainly isn’t going to pay a premium to take the property on?

Consult a Mortgage Broker: Working with a broker who specializes in investment properties can help you find the best financing options and streamline the process.By being well-prepared and informed, you can improve your chances of securing financing for your vacation rental investment.

I'm trying to find something from them or anyone showing occupancy rates historically as I love seeing some of that data - as both a builder of str cabins in eastern tennessee and someone holding str cabins in eastern tennessee. :-) Any chance you have a link or two to the report? 

We front the cash to start the reno then they reimburse us for the work completed.

How did you find this deal and how did you negotiate it?