I just had my home appraised for a cash-out refinance and it went up 15% in 6 months. 

We will refinance the property to give us over six figures in equity to run our nonprofit outside of donations or grants.

@Shane Blackshear I think it's great to refinance, especially with how low rates are.

You can refinance, pull money out and repay your short-term loan. 

The current SFH I working on I am doing a cashout refi at 3.25%, I'm purchasing the house cash, will renovate, and refinance ARV, after repair value, with a traditional loan. 

It is a straightforward flip that will take me approx. 3-4 weeks to complete and estimated profits are $30,000-$35,000.If I keep it as a BRRRR here are what the numbers look like:$145,0000 - Purchase Price + Closing Costs$30,000 - Improvements $1,500 - General holding costs (taxes/insurance/utilities)$2,900 - Loan on unsecured line of credit All in - $180,000Comps are around $225,000, which would put me right at $168,750 (75% LTV), this means I would leave around $12-$15,000 invested in the deal after the refinance went through. 

These are a few of the options I have come up with and would like to get some feedback on:Option 1: Continue living in the mobile home and using my money and a Cash-out Refinance as a down payment on a du-quadplex.Option 2: Use Cash-out refinancing to remodel and flip the trailer, then house hack a du-quadplex.I am leaning toward option 1 because my utilities and lot fee combined are cheaper than rent in my area.

My first move was a cash out refinance of my primary residence.

So if you have the cash you buy it, then you can refinance in 6 month or do delayed financing (less than 6 month) meaning you just get a loan on the property (normally 70-75% of appraised price) and take back the cash to buy more.

In order to refinance to a specific person, we need to have a majority shareholder in the company (51-49%).