To BRRRR or Sell Please Help

[Skyler Mckinney]

Finally got my first deal underway and was trying to get opinions on whether I should sell after the reno or refinance. Heres the Details; Single family townhome 1356 sqft purchased for 95000 the loan is for 87120 I'm putting 21800 down, The appraised ARV came in at 147000 it's hard money, so that includes the 10k reno. I'm doing most of the work myself to keep the budget down since I have all the free time in the world. I didn't come up with the ARV, mine was more around 140k, so that was a pleasant surprise. But what's your opinions? What would you do? I don't have a job right now and could kind of use the cash from the flip but after all the fees and taxes and paying an agent to sell I would only be making like 13-14k or I could have 31k in equity. I am all in on this deal for a total of 116K with the costs of closing, insurance, taxes, and rehab. Which means when I go to refinance I should be able to pull all of my money out.

[Tim Herman]

@Skyler Mckinney I don't think anyone will lend you money for a refinance without a W2 job. This will end up being a flip.