The truth of the matter is, we are refinancing about 20 of our properties into a portfolio loan, and because we have had so much appreciation over the last 2 years, the new loan is going to encompass the firsts and the seconds on all of the 20 properties that have firsts and seconds.

I was purchasing all of these cash and was not refinancing because most of the lenders that I had in my network would not touch anything under 50k or wanted to fee me to death.That said, in 2018 I sold a few 2/1s for the 32-35k mark which needed another 5-7k to some clients of mine who were able to put section 8 tenants in place and get closer to $750.

With that said, I was planning on hiking out for 2 years to get a FHA owner occupied loan but was also thinking about getting started sooner by using a hard money loan then refinancing to pay off my hard money and begin the BRRRR method.

In 5 years instead of refinancing, I plan on selling them and then using all of the equity I have to get into what I would consider larger multifamilies.Maybe I'm missing something, but that seems like scaling to me.

Refinancing costs money and pain.

Thanks for sharing...did you have any issues refinancing?  

My thought process is that refinancing to investment would allow me to get a second property, and second stream of cash flow, much sooner, maybe six months sooner, both because I would be free (theoretically) to use another 5% down payment on the second property with another primary residence loan and because my first property would no longer negatively affect my DTI as much.I just want to know, would I be allowed to do all that?

Also, that interest rate is a little high on something you're going to hold, you may want to look at refinancing  in a couple years.Other than that, I would say just take your time with this one and learn how to either screen tenants and manage it if you're going to do that or make sure you have a property management company that you're happy with before you buy more.

Most commercial lenders want to see a few years of stability and performance before refinancing at a market value that is notably higher than your basis.Then there's the question of cash flow.

Yet im looking towards flipping, refinancing, holding, leasing, and educating a new home owner in a rent to own program; while affiliating with a financial education and credit repair company to accelerate the credit establishing of any home owners that need it!