I purchased my first property, a two-family back in September 2020.First, my loan officer told me as of early April, Fannie Mae and such has been cutting back in adopting cash-out refinance loans from lenders by a large percentage, making refinancing second home/investment properties much harder.

I'm keen to refinance and build a 3rd smaller rental suite under the existing house as it's on a hill and there's a small workshop space with some rock retaining wall that needs to be replaced with concrete foundation anyway.

Plan is to use this for my second property and then refinance after the repairs.

Roughly doing the numbers we can refinance both loans, take some cash out, and still have better monthly cashflow than we do today. 

Abundance mindset vs. scarcity mindset in Real Estate.I just completed my refinance on the 2 quads I bought last year.

I am trying to determine all of my cashout refinance options.

From what I've seen, if the cash out refinance isn't use for capital improvements of the home, interest is non deductible. 

Hello,I am trying to refinance my home in California.

However, I just got my credit pulled to refinance, then it has to be pulled again for my HELOC, and then again each time I use hard money to begin the BRRRR method.

I've thought about hard money to do a "cash" deal, but then if I can't refinance out of the hard money, I'm stuck.