What Are the Pros & Cons of Cash Refinance?
If I'm understanding correctly, for a cash refinance...
If you buy an investment property, fix/repair it, and get a higher appraisal, you can then take the $ difference and put a down payment on another investment, etc.
If so, are there tax implications with a cash refinance? Does it get considered income?
Any recommendations on what to do with a cash refinance? (Ex. do you recommend that it's $100k+ before doing this and putting a down payment on another property?)
What are the pros and cons based on your experience? (not just a general list of what Google says, but based on peoples' actual experiences)