If I wanted to use the BRRRR method of investing, would it be a good idea to eventually pay off the new mortgage after I receive the cash from a cash out refinance?
If I get the cash and put it towards a down payment on another property, then I would not need to keep the previous mortgage around right?
After you cash out, you would be paying the mortgage off over the term. There would be no need to pay it off faster. Personally, I would recommend instead taking that extra cash and saving it for another down payment.