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Updated about 8 years ago,
Best strategy to re-finance my flip property.
I have two properties on the market that I have re-habbed and considering keeping one of them to rent out. What is the best way to re-fi the property and get my cash out of it. The mortgage is about 45k and It will appraise at 150k conservatively. I would like to pay it off with a re-fi and get my cash out of it and keep the property. This would avoid any capital gain I believe and give me a good cash flow for my future. Any ideas or suggestions as to where to apply or other ideas for this property. I'm in south Florida. Standard BRRR strategy but not sure of the best way to re-fi and max the cash out. Thanks for your help.