We're finishing a few last small projects and then refinancing to pull the cash out for the next project.

It is in pretty good shape located in East Brunswick NJ.2 bedroom 2 bathroomCurrently being rented out and they just renewed the lease until Oct of 2020.Mortgage is $1500HOA is $260Rent received is $1625So technically I lose about $150 a month and probably put $500 in repairs in to the place a year.I owe $178,000 on the mortgage with 26 years left on the mortgage (I bought in 2010 and refinanced in 2014).

Not planning on selling the property or refinancing if that makes a difference.

So hard money is for speed, or for buying and rehabbing all in one loan, with an exit strategy of refinancing to either a conventional loan or a Non-QM or portfolio loan to hold for the long term.I hope this helps?

Refinanced 9 months after purchase with a value of $630,000.

Refinanced 9 months after purchase with a value of $630,000.

Looking at either selling or refinancing at this point in order to fix this little problem.

Looking at either selling or refinancing at this point in order to fix this little problem.

We will be refinancing in one month (9 months after acquisition) and using the new equity to invest in the down payment of the next property.

That leads me to another question.If the NOI is the primary factor, how do I determine an estimated loan value for refinancing post rehab?