Cash Out Refi or leave the equity in for a Heloc?

[Daniel Porter]

I’m going into my first refi and I can’t decide between whether to take out as much cash as possible, so I can be cash heavy into this pending crash (allegedly), or if i should leave the equity in there, bump my cashflow every month by about 40% (I’m going from a 7.5% interest loan to a 3.2%), and then use that equity for a Heloc to do the next deal.

[Shane Wolf]

Would come down to math for me. How much can you get with a cash out refinance for what cost vs how much can you get for a heloc after a normal refinance is done. When I just did it for my situation the standard refinance with heloc later was better. 

As for paying off your mortgages quickly, there isn't good reason to do so. Secure the low interest rate and let your tenants pay it off. Use the extra money you would have been paying down the loan with on investments (whether it be more properties or other avenues) to get a bigger gain.