The rationale I had to keep cash out refinancing was so I can pull money out to do more deals/investing - effectively borrowing at the lower interest rate that I otherwise couldn’t get from another loan that wasn’t collateralized by my house.  

Can some veterans share their insight and eyes and confirm if this is sufficient for a self managed property with hopes of refinancing out of the rate when the world gets back to normal.View report*This link comes directly from our calculators, based on information input by the member who posted.

It rents for $3000 every month, and with an appraised value of $375,000 we refinanced using a 1st Lien Position HELOC strategy to pay down the balance MUCH faster while have equity accessible to take advantage of opportunities.

Although I do recommend many of their services, if you are a RE investor, I do not recommend their RE financing unless you plan on house hacking with VA loans from duty station to duty station.

It takes at least 6mos for your property to " season" so you can get a refinanced loan on it, for my first 2 it  took a year.

And in this market refinancing is not going to be as easy as it was a year ago.

I bought with cash and refinanced and bought more.

Unless you plan on refinancing after renovations to pull out your out of pocket costs. 

One of the best things about real estate is the flexibility it offers - STR/LTR, value-add, rezoning, refinancing etc.

I’ve had offers at $250,000 and I bought for $180,000 that refinanced to $216,000 with about a 2 1/2% interest rate.