I never really considered using the funds as a downpayment, but have generally just though of them as temporary funds for BRRR'ing and then refinancing out of it.

However, I think it’s still easily profitable with that amount of interest and I’m going into it with the understanding that I will need refinancing to a more institutional loan within 12-24 months.

We used hard money to purchase the property and are now refinancing it through a cash out refi loan for long term permanent financing.

Cash out re-financing of primary residence.

Then, if you sold or refinanced, your initial $200k could be worth a lot more once your properties have appreciated. 

Does anyone have experience in purchasing foreclosures or pre-foreclosures for below market value and then refinancing based on full value and taking some or all of the difference at closing as profit to invest in additional properties?

We have 'refinanced' properties that we bought with the 'cash' in our SOLO401Ks.

You may consider refinancing out of the FHA loan so you can put that tool back in your tool belt.

Im not very comfortable, yet anyway, going with a hard money lender, doing repairs and refinancing.

Hi everyone! I hope the info below is enough to get started. I got tired of reading and took action, found a second deal a little quicker than I thought now I am trying to find out the best way to get the cash back an...