Cash out refi on investment property.

[Adam Craig]

Right now I own 12 single family homes in the Cleveland market all financed between 4-5% with most of them on a 30 year term and 2 of them on 20.... All of them cash flow between $200-$450/ month.

With my current business income I am able to purchase about 3 properties a year. Because I am young (27) and have time on my side - I feel pulling some equity out to accelerate my business might be a good way to go.

I know everyone has different levels of risk tolerance butI want to get some BP member thoughts about doing a cash out refi on investment properties before I make a decision.

Pros/Cons?