Best use of cash out refinance funds- how much needed to start

[Jason Charter]

We are in process of closing on a cash out refinance. We will have $235,000 to work with when said and done. Our current home needs a lot of remodeling. We are hoping to accomplish that as well as get into our first BRRRR. We are struggling with how much to allocate to each part of that plan. Hoping for some guidance on how much is needed to start with our first BRRRR so we make sure to set aside enough to accomplish that goal and not put too much into our remodel. I appreciate any input.