Honestly, Figure is a very convenient option for people who need funds in 96 hours or less, but there are quite a few HELOC options that are 1-2% lower rate with 5-10 year draw periods out there. 

We went conventional for this property, so there is a 6 month seasoning period until we can refinance, but I'm not waiting until then to find our next property lol. 

I work with a lending company that helps investors structure deals efficiently, so feel free to connect if you want to exchange ideas or talk strategy as you make the transition

@Marcus Pender You're in a strong position to turn your short-term rental (STR) into a profitable, tax-efficient investment.

Outline a clear exit strategy to meet your long-term goal of retaining the property for cash flow.Work with a CPA to ensure tax efficiency, particularly around depreciation, capital gains, and partnership income.

Even if you don’t need income for the next 3–5 years, thinking about taxes now can make each step of your plan more efficient and help your retirement goals come together more smoothly.This post does not create a CPA-client relationship.

With no rehab expenses and no holding costs, the financial structure was simple and efficient.

I work with a lending company that helps investors structure deals efficiently, so feel free to connect if you want to discuss strategies for navigating this refinance landscape

The one-year timeframe that many people mention is a good general expectation or rule of thumb; most loan programs dont have set-in-stone defined periods for this. 

I work with a lending company that helps investors structure deals efficiently, so feel free to connect if you want to exchange strategies or discuss approaching these types of assets