Need help! Rent or Sell

I just bought a short sale and it will be closed this week. I wanted to do a cash out refi, but due to the recently rule change, I might not be able to do it. If I sell the house I can make about 40k after all the fees and tax. it is about 30% profit.

Should I rent it and wait for the opportunity to refi? Bank might change the rule, who know? Or do you guys suggest I sell it and take the profit?

所有跟帖： 

• If you can make 40k net, sell. -houston1965- ♀ (0 bytes) () 03/29/2010 postreply 10:12:48

• 回复：If you can make 40k net, sell. -blocked- ♂ (37 bytes) () 03/29/2010 postreply 10:20:59

• What if I am able to cash out the 40k when I refi? Should i stil -wanderaround- ♀ (0 bytes) () 03/29/2010 postreply 10:15:50

• First of all, you have to wait for at least 6 months, -houston1965- ♀ (88 bytes) () 03/29/2010 postreply 10:19:30

• If hold 1+year, would pay longterm capital tax, much lower. -CrystalWater- ♀ (0 bytes) () 03/29/2010 postreply 10:35:15

• If I can cash out the money i put in plus 40k, will that call -wanderaround- ♀ (70 bytes) () 03/29/2010 postreply 11:37:45

• 40k, is the payoff. leasing will be more stress. -houston1965- ♀ (0 bytes) () 03/29/2010 postreply 11:47:26