Cash Out Refinance Terms for BRRRR strategy, Which do I choose?

[Chrystian Tapia]

Hello Everyone,

I'm working on my first BRRRR transaction, and I'm curious what your thoughts are regarding refinancing terms. Would you recommend a 15, 20, or 30 year mortgage? Here is my current situation:

15 year, I would cash flow $100/month

20 year, I would cash flow $300/month

30 year, I would cash flow $500/month.

I have $150,000 into the property, and I'm planning to cash out $175,000. The bank actually told me, I can go as high as $205,000. So, I'm also wondering if I should pull out more? Any info would be greatly appreciated.

Thank you!