The characteristics defined by the location include:Total capital required: If you can grow your portfolio using accumulated equity by cash-out refinancing, which is only possible in areas with high appreciation, you'll need considerably less capital from your savings.Inflation protection: Whether rents outpace inflation, enabling you to sustain your lifestyle indefinitely, only occurs in cities with significant and sustained population growth.Income persistence: How long your income will last.

It was a hybrid between a HELOC and an equity loan but I wound up refinancing to a larger amount with fixed rate conventional loan (to pay for a renovation).

You are refinancing it with a new loan that will be 70% to 75% of the appraised value, and that’s the key to making it work the way it does.Please note that the ~$6,000 out-of-pocket is an average. 

Refinancing hard money to hard money is usually very hard, not to mention expensive.

We tried to get info on the lender to ask directly but they wouldn't give it to us.I would have thought this would be a relatively quick process to do a credit check, check debt to income, employer verification, etc.current loan's interest rate is very low so they definitely haven't refinanced anytime recently.Additionally, having never assumed a loan before, anything I should keep an eye out for that might cause a hiccup? 

I was not notified of anything by anyone, I found out about the liens from the lender I am currently refinancing a property with.Has anyone dealt with this issue and if so, how did you handle it? 

I also don't want refinancing risk, so any deals with only 3 to 5 year debt are out for me.

Purchase price: $1,500,000 Cash invested: $1,200,000 This was a bridge loan at 80% LTV and 9% for an experienced investor who will be refinancing out of our loan with a construction loan once permits are approved for construction.

Also, how would you work the current title without refinancing, as I have a great rate in the 3s?

And if you end up building and then refinancing into a conventional or DSCR mortgage, I can help there as well.