Refinancing puts your own house at risk, as you might know.That said, over the past 15 years of investing, we have regularly occupied houses with the intent of pulling money out of later. 

The downside is that any drop in rates can be taken advantage of only through refinancing, which incurs additional costs.While Adjustable Rate Mortgages (ARMs) are available, and often have lower interest rates initially, rates can rise dramatically if the economy changes, making them a higher risk.

I could have refinanced for more but cashflow is also very important to me.Investment Info:Buy and hold about 45 minutes outside of New Orleans, LAPurchase price: $56,500Cash invested: $30,000Single family home in a town with a lot of industrial/refinery work.  

I am currently working on refinancing it and pulling out a ton of equity where I can then buy 2-3 other houses with that equity. 

The shortest was 3 months before I refinanced, then he & his daughter asked to tour the home after the complete rehab.

@Fred Shatzoff worst case i cant get it approved without spending a-lot of money do you know if that would hinder me getting house refinanced

Second question, does refinancing kill cash flow? 

My wife and I have purchased based on conventional mortgages therefore I unfortunately do not have the experience with the company regarding refinancing options or LOC or personal loans.

2) The only 2 exit strategies that I am aware of are selling the property for enough to cover my investors, or refinancing the property myself and holding it as a rental.

Is it reasonable to think a building this size (16 units all 2bed-1bath) could be refinanced for $400k+ in this area?