Question about cash out refi
I'm fairly new to the game and currently have 2 SFH's. One of the houses I bought right and was $20-$30k equitable the day I bought it. I've since put some money into it to get it rent ready and will be putting it on market soon. Cash flow will be VERY good based on my market which got me to thinking. I could pull some of the equity out and pay down pretty all of my debt and the property would still cash flow well, even with the higher mortgage. Would this be considered a smart move? I'm looking to wipe out around $20k in credit card debit with this move.