Cash out refinancing

[Ron Singh]

Question on how cash out refinance works and any risks involved?

brought a house for cash,

updated /paint, floor, landscape etc

rented it for couple months

- is it good to go for cash out refinance ? or try after 6 months of renting ? does this duration matters at all ?

- for appraisal, do they go inside the house or look from outside only ? since its rented and tanent living there,so have to coordinate, if they have to go in.

- is it better to have appraisal done inside and outside both for max value , any suggestions?

- if I try multiple lenders for cash out refinancing , Is it going to be hard enquiry on credit from all ?

- dose appraisal process require home inspection ? while tanet are living there and nothing major has been changed.

- any tips to get max value ?