Using a cash-out refi to unlock $200k makes sense if you’re confident in your BRRRR strategy, as long as your overall portfolio remains cash flow positive.

Until I get my footing and confidence in the whole deal.

Again people give themselves false confidence carrying weapons, believing police will get there in time to save them, etc.

I’m confident she’s drawing a massive unemployment check and receiving government welfare too.

Meetups + books + podcasts are the way to go, but meetups are the most crucial to your confidence level and to know people like you do this every day.I agree with @Nathan Gesner on the heads up, when you say you are new and want help, everyone has a pitch, that's why meetups are so good - most have no pitch, just networking, unless it's run by a hard money lender.I have a couple friends who invest in the Lehigh Valley that I can connect you with when the time comes.

You seem extremely confident in your initial claims, take me up on it.Either way, I do appreciate the honest feed back on my posts from both of you, I understand that NY is one of the hardest markets to succeed in, but I am a firm believer in the Stockdale Paradox (Jim Collins, Good to Great).Best,-JonThis wasn't a back and forth.

Your input has put confidence in that decision.

Once you're ready for the next purchase, you will have experience, systems, and the confidence to tackle a bigger project like a BRRRR.

If the property’s in a growing area and you're confident about its potential, it could be a solid investment for the future. 

Here’s a quick rundown:STR Strategy: If you’re confident about managing an STR well, aim to stand out in the market and try to hit that $1,000/month target.