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Updated over 4 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Charles Elliott
3
Votes |
8
Posts

Sell or Cashout Refinance?

Charles Elliott
Posted

I'm currently active duty military and am having to move next summer. I purchased my house last summer and have built around $80k in equity. My only hesitation on keeping the property is that I'd be having to manage the property from across the country.

Recommendation to sell and reinvest or cash out refinance and rent or Air BnB?

Most Popular Reply

User Stats

4,305
Posts
3,076
Votes
Caleb Brown
  • Real Estate Agent
  • Kansas City
3,076
Votes |
4,305
Posts
Caleb Brown
  • Real Estate Agent
  • Kansas City
Replied

Keep it. Interview PM's, have someone manage for you. I love AirBnB's if you are allowed to and the market can sustain it. Let the equity build and utilize the equity to further invest. 

  • Caleb Brown

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