However I was surprised that it seems easy to refinance a property registered under an individual's name but none of the banks I talked to wanted to refinance a paid off income generating property registered under a LLC.Any pointers from anybody who had refinanced properties under their company name?

In both cases I would have a professional company manage the property.Does that seem like a safe bet ?

However, I cannot do this same cash flow problem again.Is it possible to take out the HELOC for 10K, buy a 40K rental property (20% down) and then refinance the primary and secondary like I did before?

I am just thinking while typing, here is my thought:When you refinance the larger property, assuming you would leave the smaller property financed with the same lender, this refi completely changes the collateral, in the lenders favor.

J Scott - you lost this bet, but it seems that your first and second favorite teams will be competing in the upcoming Super Bowl - that's a look on the bright side for you :)

I'm presently trying to complete my 6th Harp 2.0 refinance and have saved the toughest for the last.

If the house then catches fire, you can bet that Gross Negligence will listed as a cause of action on the lawsuit.

If an assumable loan is not worth assuming, its lost much of its appeal, unless you can refinance after aquiring.Owner wants to sell because he/she is either bleeding money now or can see the writing on the wall (depending on age/conditon of units)

I have used hard money several times, then I found a mortgage broker that admitted, I could borrow from anyone, brother, mom, etc, and have the same effect as hard money, a loan was on the property so it was a refinance.With people in retirement making 1-2% on money, find a friend and give them 1 point and 6 % interest,,they will love you for it, just make sure you can refinance out of it so they aren't 'holding the bag"

Get it fixed up leased up and refinance it into long term conventional type fixed rate financing. pmt of 90k less then 600 bucks pmts a month. 4 apt at rents of 600x4= 2400 per month leaves 1800 to pay your management costs and prop taxes and insurance.