Sell the property, take the money and play it forward.

Hello, My name is Goanar Mar and I am from Minnesota, but currently attend the University of Northern Iowa and play basketball there.

Your typical FHA house hack play.

If you are looking at commercial than a host of other things come into play that would be relevant to the type of property you are considering.

I'll update as it plays out. 

Regional variations play a big role in what companies charge (competition). 

I've played around with the idea of adopting this for some of my less experienced renters. 

Honestly, with the variable (and higher) rates for HELOCs combined with that rates currently are low, I think cash out refi might make sense for us, but I think we need to chart out all scenarios given our current debt + the amount we want to pull out and see how that plays out in a cash out vs. heloc scenario.

Unless you find an unmissable deal (which is hard to come by these days), I would maybe even play it safe in your shoes and wait for maybe 6 months to see where you stand and where the market stands.

We’re analyzing properties right now with the idea of some immediate capital growth (fix/flip)(BRRRR), and long term looking at value add plays on existing structure or ground up on infill lots we can either buy or become land partners with the owners on.My focus is building, design, buy/sell, project management.