What to do after finishing first flip

[Mike Stadel]

I am finishing up my first flip and it’s decision time, sell, refinance and rent or burn it down...kidding kidding on the last one. My intentions as I got close to finishing the house were to cash out refi and rent it and get another rental with extra cash I thought I’d pull from it but... banks and lenders aren’t making that look very enticing so before I commit to sell I’d like some advice. I have 150k into the house total I’m expecting to sell it for 200k and I am expecting I can refinance it at close to that value but lenders are only giving back 75% LTV for a cash out refi that leaves me short to even get my invested money back so I conclude I sell it and walk away with 25k ish in my pocket after Uncle Sam takes his undeserved share. A couple other things to point out is I’m not using a realtor so selling fees are minimal and if I rented it I’d cash flow a min of 250/month. And the house I live in now I planned to turn to a rental by years end and buy me another live in home. Is there another option than to sell like a portfolio loan with that house and my other two rentals, or is there anywhere I can get a better LTV on it. Thanks for any ideas!!