Cash out refinance pros/cons

[Gabriel Williams]

We bought, renovated, and are renting... now we want to refinance and repeat. What are the pros vs cons of cash out refinancing?

[Matt Hurley]

Pros: you get cash back to put towards another investment. 

Cons: your PITI increases making monthly cash flow worse.

If you bought the property with refinance in mind, then do it and turn one into 2. If it’ll make you negative cash flow, then maybe take out less or look at a different exit strategy. Have you run the numbers yet?