Refinance a <40k property

[Antonio C.]

Hi,

I just bought all-cash a property in Pennsylvania that has been appraised for $40,000. I was thinking now about refinancing the property to cash out as much money as possible. I was thinking about P2P lending sites as @Dawn Anastasi mentioned on her podcast. Is that feasible? any other alternative? The property will cash-flow well.

Thanks, BP!!