Really Dumb Question

[Meshack J Desane]

Can someone explain the cash out refi to me, I understand the concept but how does it benefit an investor if the loan starts over.

[Tony Kempisty]

If your goal is to pay off that loan asap it may not be beneficial to you... but for an investor who is actively buying more properties, a cash out refi puts cash back in your hands. You can then put this into buying another property