Cash out Refinancing; How much equity should I keep?

[Rob Bianco]

I’m debating how much equity I should hang onto when refinancing a property where I own in cash.

A buddy told me maintaining 40% was a good conservative number but it sounds like a lot? I don’t want to hamstring my ability to grow my rental business.

How much equity do you think would be a good approach to hold onto? I was thinking 30%