Capital Gains, to sell or not to sell

[Hannah Leas]

Hey Everyone! I'm a new investor but have had great success with my first home. I originally purchased this home to turn into a rental property but recently i found out that the house I bought for 135k is now worth 225k. Is it a smart idea to sell and then invest into another property to flip or should I refinance and keep the property and buy another one? The cash on hand is lower if I refinance, however if i sell then i'm subject to capital gains. (at least i think i am) Anyone out there with some advice?