Finally has to send it to auction to get it moved. 

My wife and I are finally at a point in our careers where we're earning enough to start investing in real estate.1.

From there, our HELOC application was escalated to the senior VP of underwriting for their bank who responded back by countering their initial counter offer with $20,000 final offer.I am completely dumbfounded as to how this went down.

I've visited BiggerPockets many times over the years but after getting my real estate license a couple months ago, I finally decided to become a member!

@Andrew Postell thanks for the ideas. yes I did run a little excel and found out if i went up in price id have a bit more in the game after final refi.

Other times a cash out refinance will not be suitable is if you don't want to take on additional debt or the new payment will take you cash flow negative.It seems you have a goal of how you plan to utilize the proceeds of the refinance, so that is a good reason to do the refinance, but you will also want to look at all the other factors to make you final decision.Best of luck!

Will def keep you posted on final decision.

Sometimes people in this situation will hold on for years before finally deciding, "time to sell and move on."

I finally learned first hand how the home buying process works Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Hello Everyone , Finally I found a place to speak out loud about my real estate aspirations .