Cash out refi with plans to invest the funds

[Andrew Nunamann]

I purchased my house as a foreclosure and completed a full rehab a few years ago. I have been living in there and don't currently have any plans to move or sell the property. The property is paid for with a current value of 225k. I am 30 and am not fond of the idea of tieing up that much cash. Was thinking of doing a cash out refi of 100k so I can invest those funds while having a low 400 dollar a month payment for 30 years. Thoughts?

[Andrew Nunamann]

@Jason Shackleton thanks for the feed back I 100% agree. I have been thinking of doing this for the last year or so. I'm pretty heavily invested in index funds and am also beginning to buy multi family properties. I do like having no housing expense but it is an obvious decision when u look at the math over the long term.