Question about the best loan I can get for refinancing

[Hyeseong Park]

Hello, 

I recently bought a distressed property at the end of June (6/27/23) for flipping as my cash only and I just finished rehabbing it using my cash only and put it on the MLS market currently. But it seems like selling has not been going well. (It's been 14 days).

So I was thinking of a plan B if things don't go well, which is refinancing and I would like to know if I can get any good loan option for refinancing as my house has been owned only 4 months so far. No tenants now but I'm planning on renting it, once I will get refinancing. What loan is the best option for me? As I bought & rehabbed it as my CASH only, I would like to know if there is any good loan for going off new appraisal value, not purchase price + rehab, without any seasoning condition better than people who have mortgages on their investment properties.

[Steve Vaughan]

Quote from @Hyeseong Park:

You've done extremely well.   I know it's painful,  but if you can sit tight for it to season it will save you soo much money and pain refinancing again later. 

Put a great renter in there and wait.  I think you will regret a quick sale.  Taxes are brutal and you will lose an important block in your wealth building foundation.