Cash-out refinance on primary residence

[Dante M.]

I'm trying to purchase my first rental property and need a little advice. I have about $100k in equity in my primary residence and was thinking about doing a cash-out refi to purchase a rental. That'll leave me with about $55k going towards my investment property. My question is, can anyone share their experiences with cash-outs on their primary residence? Is it a good idea? What are the pros and cons? Is it worth it?  

[Antoine Martel]

There are many factors involved when doing a cash out refinance. Have you thought about maybe doing a HELOC on the equity on your home instead? That is another option.