sacrifice cashflow for cashout refi?

[Jimmy S.]

Would you sacrifice $200 a month cash flow on 1 property for $30,000 cash out refi? 

The property would still cash flow but would not be making much then if I cashed out max. Rate would be around 4.7 fixed 30 year. 

[Joe Villeneuve]

Yes, and maybe...under these conditions:

1 - The remaining cash flow meets your minimum cash flow per house (everyone is different here, and the market you are investing in plays a role.  Mine is at least $300/month)

2 - You have something to do with that cash from the refi...that doesn't include spending it.

3 - You reinvest (this isn't spending it) the cash out from the refi into your next house.

If all three conditions are not met, then I wouldn't do it....until all three are met, then I couldn't do it fast enough.

Joe V