You will likely need to refinance at the end of the 5 year term.

When you say "get a yes/no answer in less than a minute", you have to have some kind of well-refined strategy for this? 

As for my strategy, I plan to refinance to free up my VA loan for another primary residence.

we have searched and called several banks with no success including Bank of America, PNC, Fifth Third, Wells Fargo, Chase First Trust.We understand that we could do a cash out refinance however the interest rate will be higher than our current mortgage if we do that so it is not ideal.

I was hoping I could run this by you and see how it would affect my DTI when doing the refinance part of a BRRRR.To fill you in a bit on our situtation: My parents have a rental multi unit property in CA that they are willing to get a HELOC on to allow me to borrow cash to invest in an OOS BRRRR.

.- Refinance / cash-out refinance to pull equity out of current home, in order to leverage cash for new deals.- Keep current house and partner with private lender to help buy an additional propertyAll of the above scenarios are assuming I need to put 20% down because I can't get a loan without putting that much down for an "investment property".

Currently exploring options to refinance and draw equity out of our property in Halifax, NS to finance additional multi-family property purchases.

I have been told that you should only refinance when rates are low or if you need the money to use for another investment.What if rates are low and there is are not a lot of listings on the market.

Showing an unrealistic refinance in year 2 instead of year 3-4 will likely turn a 13% IRR deal to 16-17%.

My plan is to retain ownership of the property after the refinance and split the profits.