Refinancing Real Estate

[Armando Rodriguez]

Good Evening BP family, 

I had a question regarding a cash out refinance. I wanted to cash out on my property to invest into another property (Los Angeles, CA). So, my question is would I have to pay taxes on the cash out? If so how much time do I have to pay back or IF I invest into another property am I exempt? I mean I know eventually I have to pay taxes on it, but what are the ways around postponing it or prolong the taxes. Or what's the best way on going about this process? Thank you all and have a wonderful evening.