Cash out refi sell vs rent?

4 Replies

How do you yall feel about selling after the cashout refi? Most people I know hold the properties but I recently ran into someone that sold after theirs and would like to know the benefit of both!

Why would you do that? You have to pay loan origination fees for the refi and closing costs twice. Just sell it and keep the extra money. Unless you are a turnkey provider or are holding it past 12 months to avoid short term capital gains (even then not sure if it would make sense financially) don't bother refinancing it.