BRRR Refinance Experience Needed, Help!!!

[Ryan Rogers]

Hey All!  Thanks in advance for all feedback!

Some back story: 

I have a deal that originally was going to be a flip but ended up holding it. 322K purchase price, put 55k into renovations and it now rents for $3250 in Duxbury MA, 40 minutes outside Boston.  Duxbury has a high growth potential for long term appreciation.

The mortgage is 305K, had an appraisal completed and it came back at 510K. My ideal situation is to refinance with a 30 yr. fixed with a cash out of 75% to 80% LTV. Or a potential HELOC.

Anybody out there that can offer advice or point me in the direction to a lender they've had experience with?

Thank you!

[Brent Coombs]

@Ryan Rogers, typically, the Lender who did that appraisal might offer to put around $50k in your pocket (based on 70% of their appraisal). Question 1. Will it still cash flow at that higher mortgage? Question 2. Is $50k enough to get a similar deal happening again? Congrats on your progress...