Cash-Out $800,000 Home? (What Would You Do?)

[Max Cordova]

A home that was purchased for $600,000 in 2006 is now worth $800,000 in 2020. 

The home is at a 6.5% interest rate and a mortgage of $3,900/month. Once refinanced it is estimated that the new mortgage will be $5,000/month.

Is it worth it to cash-out refinance at 75% to start investing in other properties to generate cash flow properties?

$800,000 * 75% = $600,000 to start investing.

Open to all feedback and strategies!