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.

Make sure you work with a lender who understands cash-out refinancing to get the best terms.Feel free to reach out if you have any more questions or need further clarification. 

If I were to BRRRR a quadplex, when it comes to refinancing, would I be able to structure the loan as my primary residence (house hack it).

With the potential for a Fed rate cut on the horizon, it's a great time to consider refinancing or purchasing a home.

Maybe refinance in a few years and buy your first investment using the money you’re going to get out of refinancing?

Depending on what your current interest rate is, it may be worth looking at refinancing the loan to get a lower rate?  

What is the downside of using a commercial lender to purchase, my own cash to rehab, and then refinancing?