How to refinance a property that has been "BRRR"er
Property was paid for cash, repairs were made reappraisal is required, Is there a special way to refinance or to pull out equity to re-invest again? I am stuck and am running out of hard cash to repeat the process again. I know majority of investors do not buy for cash, in my case I did and it turned out great, However I'm just looking for a "Correct" way to pull out equity since it is not my primary source of residence. To make things better the local banks changed all their rules for post covid investment refinances.
I know I can sell, then once sold use that cash to reinvest and purchase again, but there is a smarter way to leverage your equity for your own benefit. I hope some of you guys out there can relate, cuz it seems like a make it or break it moment for me.