A friend of mine suggested a program that could use the full equity of my primary (now over 2 million) to get what sounds like ANOTHER HELOC on my primary instead of refinancing then paying off the first HELOC .  

My current primary ( scenario 1) Keep the primary for the life of the loan ( current rate is 4.5 so i dont see my self refinancing anytime soon)current home value 1,150,000Loan amount 935,000appreciation estimate 5% per year after a 28 year hold and the house is paid off I would have a house worth 4,312,000$my current mortgage is 6125$ ( piti) included My second option( scenario 2) Sell the house, walk away with $150 ,000 ish in hand and put that into a low cost index fund Rent a house elsewhere for about 3000$ ish and take the extra 3000$ im saving everymonths from not having to pay my mortgage and puting that money in the index fund as well I ran the numbers on both of these scenarios and doing what I mentioned above would break even at about 28 years meaning my stock account would be worth 4.3 million just like my house would , but the only is that holding a house for 28 year would mean 28 years of property taxes, loan interest ,home insurance and repairs etc whick I calculated to be about 1,200,000$ at minimum which raised my eyebrows to say the least Also i understand that each of these options ( stock market vs real estate ) will have there tax consequences ( long term capital gains) so any thoughts on that would be appreciated as well.  

I just got done re-financing 3 properties, and one of which was purchased for $65k came in at $100k!! 

At the end of 2025, I will be refinancing two of my portfolios (roughly 80 of the units) and extending the amortization as rates are up.  

Assuming my alternative options would be: - Refinancing with here on the loan?

I would suggest that any time you review refinancing that you examine it will a 3 year "break even" threshold.  

Value is currently 230-250k.They bought it by refinancing their personal home.

With two additional years under your belt perhaps you can tell us about some of the deals you done and, specifically, how this course helped you do those deals.Sure Jon,I had previously learned from another investor on how to work with borrowers on distressed notes and work out payment plans, pay offs or help them get refinanced.

(not sure how they were able to get that loan and refinancing without permits?

The con of this though is that the monthly payment is much higher, thus reducing my cash flow significantly (if anything).Since I am somewhat new to real estate, I know there are more variables to consider like appreciation, or refinancing or HELOC down the road.