We took 4 months on both properties to buy, fix and refinance How did you add value to the deal?

We took 4 months on both properties to buy, fix and refinance How did you add value to the deal?

All together I’m looking at 6K at closing + 20% down payment, and a 5% prepayment fee if I want to cashout refinance before 5 years, just wanted to get some thoughts on what more seasoned investors think given that this is my first deal.

Properties 20+: CASH OUT WITH THE BIG BOYS: Hopefully at this point cash-out refinance is needed to start scaling quickly.

So does the seller refinance the home to pull out their equity and I am the one who makes the payments to the bank to pay it back?

It just means you will refinance at some point in the future when the 40+ year trend (since the early 1980s) of "rates overall go down over time" continues (Japan has negative mortgage rates, so we don't know how far that can continue, but 0% is clearly not a hard-stop).

You may be able to get a cash out refinance if it has been at least 6 mos since purchasing the properties. 

Hey @Blake M Pursel you can find lenders that would refinance you 1 day after acquisition, however, said lenders typically have property seasoning requirements of 6-12 months to offer a new loan based on the newly appraised value (After-Repair-Value). 

If you do not have the funds but own your own home you could do a cash out refinance or HELOC and pull out some equity/cash from the home to use for the down payment (DP). 

However, I have been thinking of late to refinance both properties to reduce the number of properties in my name, and because I want to close on two more properties this year.