I would like to get some input from some of you experienced BP real estate investors whether I should:A) refinance 2 of the 4 rentals with a mtg for a 15 yr at 3% (currently 30 yr mtg at 4.375% - 4.875%) and let the tenants pay off the mortgage in a shorter term and take my time to pay off the other 2 with lower mtg balance.B) to sell a couple of them at current seller's market and pay off at least 2 of the mortgages with higher mtg balance which would save in tremendous amount of interest and take the extra cash flow to pay more into principal of the other 2 mtg to get it paid off quicker.C) Or to refinance the 2-3 properties for 15 year mtg and sell the other 1-2 properties and invest the proceeds in the stock or cryptocurrency market and try to pay off the mortgages in the future with the gains.  

Coming to commercial lending, can I do refinance as normal property or getting approved for commercial lending is difficult?

How does the refinance in BRRRR work if you own 100% equity in a property? 

I'm mostly just wanting to know where to start, and specifically interested in finding the deals (Buy) and not as worried about the Rehab, Rent, Refinance, Repeat part as those steps make sense to me.

Either way you’ll more than likely have to wait 6 months to refinance for the equity. 

If you ended up switching routes to a cash out refinance, or with a combo of a 1st mortgage and a HELOC as well (ex: 200K first mortgage with a undrawn HELOC of 200k) i can help you with that. feel free to reach out if you wanted to chat 

Hello,We are trying to refinance however, lenders are asking that we request a payoff or subordination of a lien held by HUD.

One way to access the increased value of your home is a cash-our refinance. 

No prepayment penalty.Our goal would be to purchase the property with the above terms; add value to the property over the next 4-6 years and refinance the owner out with long-term, fixed, non-recourse, agency debt.

(I don't want to do BRRR, because I want my ROE to still be roughly 12%, such as if I have 100k equity in the deal after I take out all my invested money through a cash out refinance, I would still get 12k annual cash flow, but you simply can't get that in a BRRR.)