Refi with CashOut vs Straight Refi
I'm curious about two difference approaches. Would it be better to refi with ~50k CashOut and lower monthly cost in a primary residence by $1500/month; with the intention to use the $50k towards an investment property.
Or
Would it be better to straight refi and lower the monthly cost on a primary residence by $2200\month.
So take $50k now, or be able to save $700 more a month now. What would a real estate investor do?