Refinancing low income properties
We purchase low income properties for between 10-35k and use them as section 8 rentals between $700-$850 per month. I know that banks dont like doing traditional Mortgages on properties under 60k ish but what about refinancing or heloc? Basically we are buying these houses cash, want to do 6-8months of seasoning then pull our cash back out to reinvest in other cash-flowing properties. What is the best way to do this on homes with arv"s between 30-50k? Thx!