Cash out Refi before or after remodel?
I own a property that is 2 houses on 1 lot. My family lives in 1 and I finished rehabbing the rental in the first 6 months and have been renting it out while rehabbing the 2nd. I plan to completely overhaul the kitchen with new cabinets and appliances because at this point it is livable but not rentable (if that makes sense).
My question is: I want to refinance in order to pay for the remodel but should I max out credit cards to pay for the initial costs and then refinance? or should I refinance now and use the cash out to pay for the remodel after?
My thinking is that the property would appraise for more after the remodel and I would get more money from the cash-out. Am I thinking about this correctly? or is there something I'm missing? Is this even an option or am I overthinking it? Thanks