But I ran it through a calculator where I realized I can pay off these 15-year mortgages at nine years, and then refinance them, buy more properties, do the same thing again.David:And I was going to turn these properties over four times and grow it to $12 million, instead of a million and a half that it was worth and that feeling of compound interest working for me just had me jazzed up.

Here are the details:Buy in cost is 100k which would max out my HELOC @ 4.4% variable, with option to fix the rateApartment Details:Plan to hold for 10 yearsFirst 4 years Cash on Cash (pre-refinance): 8%Average Cash on Cash for 10 years: 12%Purchase Cap Rate: 8%Total Return on Original Investment (Cashflow + Sale): 134.46%Annual Cashflow Average: $7,500Refi cash returned after 4 years: 62K10 year IRR: 14.6%Equity Multiple: 2.34

In any “normal” market, I’d just put 0-3% down owner-occupied, pay for the reno, and call it a day.I’ll be speaking to banks/credit unions as well but what do you see as my options to refinance (or finance) after reno to pull my money out as soon as possible?

If you needed access to the equity you could refinance it or do a HELOC.

Hey y'all,I've been speaking with my lender and he can help me refinance my home with another VA loan and cash out $50k, which I told him would go towards a down payment on a new property in a year and I would rent out my old home. 

It appears I can refinance and pull out $125,000. 

My preferred exit is always a cash-out refinance.

A good one should let you buy, fix, refinance, repeat, and recycle your 150k.  

Hi everyone,
I'm currently shopping for loans for a multifamily househack. Looking at both FHA and low down conventional.
I first went to my local credit union and the best they could do was approve me for 5% down c...

In terms of the car storage idea, as a mortgage broker I would raise at least one red flag to consider: if you ever want to refinance and you have a bunch of cars onsite, regardless of whatever the local zoning permits, that plus the somewhat obvious commercial operating business onsite will be a hard pass from most lenders.