If you don't need to refinance, perhaps consider a HELOC.

Here are a couple ideas to get at your specific question: 1) You could get a HELOC on it then use those funds to go get another property. 2) You could do a cash out refinance and use that cash to go repeat the process.

Appreciate any help I can get.I have never purchased a property directly from a seller in foreclosure that was occupied.The NumbersPurchase Price: $100k-$110k “$40k to pay off for the HELOC included in purchase price”Repairs: $25,000ARV: $175k-$185kI am meeting with a family of 5 who inherited their mothers’ home and is now in the beginning stages of foreclosure.

But this will also increase your payment lowering your DTI ratio.Or you can get a HELOC, it can be a bit hard to get a Heloc on rental properties but banks like Penfed do it.

Contemplating what to do with $55k HELOC I'm now eligible for (even more if I want to pay higher interest). 

I purchase for cash, rehab with my HELOC, and then refinance.

Most people I've heard of, using a HELOC, will use it as down payment on the new house, but I'm thinking of instead using it to pay our mortgage for a year or so while we're in school.

Want to purchase a rental property for my 1st deal using a HELOC from my primary residence.

I would pay the 46K or so needed to close out of my HELOC - the rate on that is prime and a quarter point.

Thru a friend I would have had to refi the current mortgage for a lower rate and take a HELOC.