Is there a such thing as pulling too much out of the deal?

[Mel Hayes]

Hi all,

I'm looking at doing my first refi so I'm no expert. I know to the vets this may seem like a very simple question but I'm having an inner battle trying to figure out what path to take. A property that I purchased in all cash 3 years ago has since doubled in value according to the market. Although the value of the property has risen, the rental amounts have not risen at the same rates. If I COR for %75 of the value the property will cash flow about $100.00 which leaves very little room. I could take out less than 75% of the value and still do another deal but I could take the entire 75% and do maybe two deals and still have reserves. Any advice from you BRRRR experts would be greatly appreciated. It may be something I'm clearly missing. I'd ask my mom but she'd just tell me to pay off my student loans. LOL