Re: Refi and rent out or sell? - Posted by LS
Posted by LS on September 29, 2005 at 15:19:16:
I have the same question about new construction. Even with a renter I have negative cash flow but now I am six months after closing and can sell or refi and pull out cash. Although I will have to pay about 5000 for the refi, the area is appreciating well. Even with an option arm which will cause negative am, the appreciation makes up for the negative am and its not coming directly out of my pocket so I would agree with your strategy.
For myself I am leaning towards a refi and it even makes more sense in your case since there is no negative.