Is it possible to do a cash-out refi on a lease property?

[Ali Nurmohamed]

Is it posible to do a cash-out refi on a property that you are leasing?

[Adam Martin]

If you are referring to a property that you own and are leasing to others, yes that is possible and I have done it many times.  If you are the person who is leasing from someone else, no this is not possible as you have no equity in the property.