Opinion! To refi, high or refi low?

[Bradley Hendrix]

Looking for everyone’s opinion. I’m getting ready to refinance an apartment building, I just completely renovated, out of the construction loan that’s currently on it. If I refinance, let’s say for 1 million, I would cash out about $225,000 and my cash flow would be about $4500 a month. 
Next option would be refinance lower say $850,000 cash out about $75,000 and cash flow $5500 per month. 

[Carini Rochester]

At $1000/month additional cash flow, it will take 12 1/2 years to recoup that money. What else could you do with that extra $150,000? Are there good opportunities you would miss out on? The $75,000 would make a 20% down payment on a $350,000 property. $225,000 would make a down payment on a $1,000,000 property. So, the answer depends on your goals and what opportunities for investment you have. Sounds like a successful apartment project. Congratulations!