to complete the rehab and then refinance that rehab loan?  

I was thinking of using FHA loans to get into houses with a cheaper down payment and then living in them for a year or two and then using the equity I’ve gotten in the house to refinance it to a conventional loan then renting that property out and just getting another FHA loan to just repeat that process to acquire rental properties.

I wish we attempted to refinance out of the deal and rent the units out instead.

I wish we attempted to refinance out of the deal and rent the units out instead.

Refinance it with a commercial loan from a portfolio lender (or other lenders) on a 30 year note with a deed seasoning requirement of 4 months or less at 75% LTV.4.)

are you trying to refinance them?

Hi All,Having reached the 10 property limit for FNMA loans, if I refinance four of those properties with a commercial lender taking title under under a newly formed LLC, am I still able to use the positive cashflow of these properties as qualifying income, that is, if I go buy additional four under the conventional underwriting?

After completing the rehab with a HML, refinance and pull your money out to pay back the lender. 

Either way you are going to refinance down the line, or at least pull a line of credit from the property when some of the renovations are complete so I think it's more important to just choose one and get going while the momentum is there. :) Good luck!

We have not begun the refinance process, yet.