Refinancing and Cash Flow

[Aaron Litzenberg]

General question for the BP community.

I'm curious about the implications of refinancing a property to pull out equity. If you were to refinance to pull equity out of a rental (think BRRRR), wouldn't that increase PITI and negatively impact cash flow? Is that something that is usually taken into account when analyzing such deals? Presumably if a long term refi is taken out, it will impact the cash flow for quite some time.

Am I missing something simple?