I need to refinance two homes before getting prequalified..

[Kiet Tran]

I need to refinance my two homes one by one before I can get prequalified for a purchase. I'm renting one and I want to rent the one that I'm in right now and find another to BRRR. Is it better to do it one by one (rental, residential, or equal) so that I have a better d/e ratio or can i do it all at once through different lenders?

[Jody Sperling]

Originally posted by @Kiet Tran:

@Jody Sperling I have two HELOCs at $60k on each. One of them is going to be subordinated into the first refi. The other HELOC has a $0 balance and will be used as down payment on the purchase. I'm curious if that's a bad idea...

 @Kiet Tran, 

Using the HELOC for a downpayment is a great idea. I'm a major advocate of running all purchases through a HELOC and using a HELOC to accelerate Mortgage pay down. As long as you live below your means, it's a guaranteed win.