Sell or Cash-Out Refi?

[Michael Elfant]

Hi All,

In a home that you have a lot of equity in, do you think it is wiser to sell the home or would you rather extend the loan by doing a cash out refi?  I think if I was to refi the rent would just cover my monthly expenses.. I wouldn't cashflow much at all if I was to rent it and I would still be leaving a decent amount of equity in the home.   So i'd have less cash available to me vs selling.  

My goal is to use the equity to scale into more units.  

Thanks!