Refinancing with good amount of equity

[Brandon Combs]

So I’m refinancing my personal home and have 100k in equity and I am going to do a cash out with the equity. My plan is to use this money to renovate my house a little to rent it out and buy another property with it.

Should I take as much of the equity out of that 100k? Or should I only take a percentage of it? What are the pros and cons of both?