2nd deal closed

[Kevin Nichols]

The offer on my 2nd buy & hold deal was accepted today.  I offered cash, but should I do a cash out refi after closing?

Thanks,

Kevin

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3 Bedroom/1 bath
Price: $37,800
Annual Income: $8400 Gross ($7728 with 8% vacancy)  Tenant in place @ $700/month

Annual Expenses:
Prop Taxes: $675
Insurance: $320
Maintenance: $840
CapX: $500

Total expenses: $2195