BiggerPockets

Hi everyone my name is Yaz I have been reading the biggerpockets forum for about 6 months but this will be my first post. I primarily do fix and flips and currently I have a house that is 2 weeks away from being put back on the market. Has anyone pulled money out of their fix and flip homes to purchase the next property? The house was purchased cash for $30K and I invested $12K in rehab(all cash). The ARV on the house is $80,000.

If I pull $30,000 out will this in any way affect me when I sell the house. I understand the bank would have a lien on the house for 30K but does this look suspicious to the buyer.

When I get loans again properties, this is generally how I'll do it. I"ll pay cash for everything, and then if I need more cash during all the renovations to by more properties, I'll refinance one of the properties to pull out cash. This way, I only pay interest if I really need the cash and have another opportunity that is clear more lucrative than the money I'll spend on the extra closing and the interest...

This is sound thinking when the opportunity cost is greater than the closing costs and interest on the refi. I'd offer a couple thoughts Yaz should factor in:
1. Banks lend 70% ltv on the purchase price (not appraisal) if you held the deed less than 12 months. For your $30 home you'll only see $21k in a cash out refi.
2. It will take up to 30 days to get that $21k through underwriting. By that time you may have sold the home and be a week away from closing