In my case, I don’t pay anything until the property is sold or refinanced.

Hello BP Community,I'm currently looking at refinancing out of a VA Loan.

I have a rental property that I would like to brrrr, but I'm having an issuing with refinancing due to my high DTI ratio. 

Currently I am refinancing two properties that will essentially put me at an infinite return on both deals.  

Property one I could get refinanced and get $50k off loan.

Has anyone had luck with a Heloc or refinancing a Heloc on a rented co-op?

At that point you will have at least experienced buying a property, managing contractors, refinancing the property, and hopefully renting it out. 

But once everything is rented and refinanced out, I will have net rents of ~$5000/month between the two properties. 

Would refinancing the first property and then in turn using FHA for the next property be a viable solution?  

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.