I hope I don't see you all over these forums one day insisting you did it all by yourself and telling people who aren't as fortunate as you were that it's all about pulling yourself up by your own bootstraps no matter what your personal circumstances.

Hey Jay - I too am asking why :D My only experience has been with conventional mortgages - I recently purchased my own home with one and since I am a small business owner it was like pulling teeth. 

We were able to refi and pay private lender back, but no cash was able to be pulled out. 

@Emily Ellis I'm not a lawyer, however several properties in my area I found thru 2 separate wholesalers, turns out they were marketing a property which was listed on the mls and they were "in contract" which was bs, ended up one of my agents brokers were the listing as g ed NY and pulled the the excepted offers from them.

This allows you to hold the property longer if necessary, wait for market conditions to improve, or even refinance down the road if you want to pull out equity for another investment.I had a friend who was in a similar position a couple of years ago.

It's possible, but realistically you may be looking at keeping some in the deal and not pulling all of your cash back out.

I've received similar messages on my Airbnb in Cleveland, and they usually try to pull some kind of trick—whether it's asking for personal information or trying to get you off the Airbnb platform for payments.

It's definitely something you should consider pulling the trigger on

Hi, I am reaching out because a couple of properties that have equity and I am looking for ways to pull some of that equity to redeploy the money into the properties to do improvements to maximize my income streams by building ADUs.

A cash-out refinance allows you to pull out the equity you created by buying under market value and completing the rehab.