Fully owned home - Cash out refinance or just cash flow?

[Ash Ketchum]

Hello! I have a SFH that I own, with no loan on the property (purchased a long time ago).

I'm looking into getting into other investments and not sure how I should proceed.

Is it worth doing a cash out refinance? The amount I'd pull would be based on the cash flow and term/rate I can get. Thinking I can use the loan for buying other properties.

Or is it typically better to just cash flow from the property in its entirety without having to pay a loan. 

I understand time value of money and having cash now for investments. But I want to maximize the return as much as possible. Is there a certain metric I should focus on with this scenario in mind? 

Has anyone done anything similar? With a positive or negative outcome? Interested to hear from both sides.

[Ziad Hamati]

Depends where you are in life and what your goals are. If you have retired or retiring soon, cash flow is important. 

If you want to grow your portfolio, pull money out and buy more properties.