Could someone please help…

[Sandra Lopez]

Hello,

I flipped a property. I am unsure if a should cash out and refinance or sale it.

Can someone please explain how the cash out refinance works.

The ARV is 175k. Does that mean I refinance 80% of the ARV of the property and cash out the 20%. Meaning I put in my pocket the 20%?

I am a little confused of how this works.

Thank you in advance for any guidance and recommendations.