Cash out refi or wait, raise rent to cover mew mortgage

[Zachary Wiederstein]

The bank that holds the loan on my rental property is asking me if I want to refinance. I have approximately $100k equity and am considering a cash out refinance.

Con, the new payments may not be able to be covered by the current rent.

Pro, I would be able to purchase more RE, this new RE would almost certainly offset the loss from the first property.

Thoughts from the community...