Cash out refi now at 70% LTV or season and wait to do 80% LTV?

[Levi Perl]

Hi,

Curious if anyone has what to say in terms of how to calculate which one is more worth it: to cash out refi on a Long term rental now at 70% LTV, and walk away with X amount of positive cash AFTER paying all debt, (X is a positive number and significant amount for me), which will allow me to potential get another long term rental and grow portfolio faster, or wait 4 months and cash out 80% LTV, giving me DOUBLE than X. I don't have a deal in the works if I DO cash out NOW, but I can start to work on one. Meanwhile, waiting 4 months will cost me $3,500 in interest, - though less than a second DSCR - and will prevent me from making another purchase and rehab, which I potentially can do all in 4 months. Of course, waiting is safer. But is it more worth it? Am I being dumb by NOT waiting, because it's unlikely - I assume - my next deal will be as profitable (I got very lucky on this one!)

How do I weigh all the pros and cons?

Thanks!