Would a refinance help?

think of it on a larger scale.motorola - for example - if they refinance their corp headquarters to draw out capital for a project or just to boost up their cash accessibility, or for whatever reason - they're tapping into one of their many assets, converting equity into cash by taking out a loan (liability) in order to somehow grow their business.the corporation does this - not any one individual.

So many of everyones posts have been a great help already, but you bet, I'm sure I've got lots to ask help on.

Most of these people want to stay in their house, so providing sources to refinance if they want to stay is a good avenue to try.

I'm sure many people have done this, but I'll bet that most of them don't fully understand why they are doing it, and many of them are losing money without realizing it.What's USUALLY in the back of their mind when they do this, but is often subconcious, is that they are COUNTING on the house to appreciate and/or rental rates to go up.

What if I decide to refinance it to cash out lets say 10k of that equity.

Ashort refinance sounds like a good option.

Not only are you dealing with normal rehab issues for a major project, but then you are also betting on the come.

I'm attempting to refinance a mortgage that I took over.

Remember, each state establishes it's own reg and exemptions.In the end, I guesss your best bet would be to seek legal advise before pursuing PL for funding your deals.