House hacking refi strategy

[Denis Vaughan]

Hi all,

I'm pretty new to RE investing and BP but have a question about refinancing. I bought a 3 family, put 10% down and would love to refi in about 2 years. I am forcing appreciation by some light renovations (kitchen/bath for 2 of the units). I am living in one unit. 
My question is: Do I refi while I'm still living there or move out, have all 3 units rented (will cash flow $2000 per month at that point)? Does it help the appraisal to see higher income in terms of the refi, knowing I have to get to at 25-30% equity position to pull some cash out? 

Thanks for your advice!

[Daniel McDonald]

Hi @Denis Vaughan I am house hacking my second just north of Boston. I refied on the first while I was living there and I recommend doing so because you'll get a better rate vs. refiing on a rental property.