I know they can do 80% LTV on commercial refinances, for the right assets, but most banks don’t like being in the 2nd position which is likely what you’re encountering.

In my world doing mortgages, I can't tell you how much business I get from telling people NOT to refinance when it doesn't make sense.

As I have read and watched videos, people are afraid of leaving some money in the deal and not being able to refinance all of their money out, but if you really think of it, it’s the same as buying a buy and hold, just that the returns would be bigger than a traditional buy and hold.

I plan on fixing it up and reselling it or renting it out and then refinance and pay off the HELOC. 

You can still refinance later, or just keep paying on her loan.

If so, depending on how much equity you have maybe you can refinance it to a conventional loan. 

Nadir - I'm considering cashing out via refinance as well.

I recently refinanced my first home (muli family) like a brrr and did a cash out refinance.

I currently am using a VA loan for my property I live at, but I am looking to possibly refinance into a conventional loan, then use a VA construction loan to build the home next door and move into it.Thank you!

Refinance one property and pull out cash to buy another and hopefully they’d both be under the same lender/ loan.