Refinance or sell property?

[Jonathan Rivera]

Hi

I’m currently holding onto 2 properties in Montclair, NJ and debating on selling them and move into another state with better weather in the Midwest and house hack over there.

My question is should I refinance these 2 properties. Use that money to pay for renovations and upgrades and then sell or just sell outright now as refinancing will put more money on the backend and it wont make much of a difference.

The renovations I’m thinking about doing is finishing both basements and adding bathrooms which can be an expensive job. Any insight would be helpful

Thank you in advance

Your friend

Jonathan