Options for getting out of my live-in-flip!

[Ryan Rossi]

So I bought a live-in-flip in January in San Antonio, Texas. I will be done by the end of April and ready to put it on the market. I am looking for some opinions on what my ways forward are.  Here is my scenario. I have my wife and two kids with me. Recently my son has been going to therapy for acting out. The therapist told us it would be good to keep him in a stable environment (he has never been in one... I'm military). Anyways, If I cant find a deal in the school district then I will have to figure out another ways to re-invest the flip money.

I bought the house for 180k+10k in reno ARV is about 230-240.... Here is what I have come up with

1. Sell the house, cash out, pay the taxes, repeat (in school district)

2. Refi, pull % of equity out, continue living in the house, re invest 

3. Refi, get an equity line of credit, continue living in the house, reinvest in something outside of live-in-flips

What do you think is the best option and or what other options do I have??

[Jaysen Medhurst]

@Ryan Rossi, if you can tough it out for a year in the house, you'll at least only pay the long-term CG taxes, which may be minimal depending on your other income.

Why refi? I don't see the point in paying the extra closing costs.

How about staying put for the rest of the year? Take out a HELOC (some banks go as high as 95-100% LTV) to fund your next deal. This gives your son some stability and gives you time to find the right property in the right school district.