Cash out refi or no?

[Nadir M.]

Hello everyone

I currently had some of my rental properties appraised as I’m looking into cash out refi…

What thought process is usually taken into consideration to determine whether cash out refi is a good idea or not? I may have another investment that I want to pursue so I can use this money towards that. If not, then it’s nice to have money and use it when the time permits. I will be losing roughly $300/month in cash flow doing this. Will these houses appraise for more in the future? Probably. Will interest rates increase? Maybe. Who knows. Any suggestions/insights are greatly appreciated.