We are trying to decide if we refinance, sell and 1031 exchange into a larger property.

Refinancing typically falls in two buckets. 1) Refinancing as foreign investor - Typically, I have seen foreign investors can get 60% LTV. 2) Refinancing as foreign investor with local partner - In this case you can refinance up to 80% LTV and typically can find better rates as local partner is a resident of the state and may get better financing terms than foreign investors again in the second case you have the dynamics of partnership and giving equity but at the same time you would have boots on the ground ed. 

 Hello,  I have a HELOC that is adjustable rate, 10 year interest only payments....or I could refinance my primary home and take out cash locked in at somewhere between 2.5-3%. 

And give yourself 6 months to pull that off.Or, if you can find a decent deal quickly but don’t want to come out too much cash out of pocket for it find some roommates who will pay the note and the PMI but I’d have that plan for 3-5 years until you can refinance once your equity is at 20% then you won’t pay PMI anymore

If the price of the property is going down for some reason, you can always sell your property or refinance it and hedge your position.

@Allen Zhu If I'm understanding you correctly, are you saying if BRRRR can be done putting down a 25%, rehab, rent, then refinance?

Sounds like a good way to sort through refined data quickly.

I think I’d put down 3% if i was going to be living in the place and i felt confident I could fix it up (or the area was growing) in a way that I could refinance out of the FHA loan in the next 18-24 months

The refinance will hurt my existing cashflow at this group of properties but it’ll actually shorten my payoff period from 23 years to 20 years due to the change in loan product. 

I hear HELOC, HELOC interest only and Cash out Refinance etc.