Sometimes you need to hear it from someone else.I have a call scheduled with the multifamily PM next week to see what options I have.I’ve been aggressively stashing much of our income away in tax deferred accounts, and in equity investments in the meantime.

Now, of course the danger is with low down payments you may be highly leveraged but you can always choose to put more money down or you can also buy value add and create some equity. 

One of my rental properties has some equity on it, I am thinking to do refinance and take out the extra equity, is it call cash out refinance ?

Because how you're describing your goals, you'd rather forego having a low (say) 3.75% home loan, in favor of higher interest rate investment mortgages!

There is little to no equity in the home.

Hi BP,Recently I have increased my net worth (through my equity position on a property).

Again, I can't tell you the exact return by year without seeing the underwriting.Equity Multiple 1.94 - take your equity invested and multiply it by 1.94, this is your total return including the cash on cash throughout the deal, the money returned from loan proceeds if there is a refinance and lastly the proceeds received after selling the property in year 5. 

Will I find a lender to refi with 18% equity left. 2 Don't understand the 2% rule my calculations shows 1.02% and lastly 3.

Hi Dmitriy I had two options:1-lend to allow them to pay back original investor, which would be interest only payback including capital at end of termor2-equity position whereby I put up $xxx to allow them to payback original investor (no interest paid on lent money) with equity income (rental).I chose option 2 for the income so it would be part owner.As with previous deals (Mortgage Notes) my IRA was on the deed and a promissory note was created as a result of the lending with a mortgage.As I read your questions and write in response I am now wondering if this is typical.

I have used this strategy in various situations, but most of the time, if the seller is willing to do it, then I will set it up with owner financing because the terms of the loan and the deal are usually more favorable to me than if I were to get some other form of financing.