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Updated almost 5 years ago, 02/28/2020
Fix and Flip: Refinance? Sell? Or both??
Hello All,
I'm looking into a fix and flip for a Westchester County coop. The initial purchase is all cash, and so is the renovation. When all is said and done, I want to sell. I don't plan to hold the property for more than 6 months. Here's my question: At any point in time during my ownership, would it be wise to refinance the property and pull money out of it? Also, what's more advantageous in terms of what triggers tax events? Thanks in advance.