Cash out refinance to invest in Multifamily

[Vijay G.]

I am a newbie and I paid off 80% of my  rental mortgage. I have already applied for cash out refi planning to use for 25% downpayment  and I need to finalize my decision next week. Is it wise to take cash out refi and invest in my second multiplex given the market conditions?  OR wait till market cools off or crashes and then take out cash out refi.. please advise