Cash refinance? Tax free?
Hello Canadian BP’ers,
Looking on some feedback regarding a strategy I stubbled upon. If you bought a house a year for 10 years (assuming cash flow positive as well), and on the 11th year refinanced the 1st house to pull out a chunk as a yearly salary, and then refinance the 2nd house on the 12th year for a yearly salary, etc. Is this a viable strategy? Is refinancing tax free? How easy/difficult is it to refinance in Canada?