Dont Pull the Money Out Just To Pull Money Out

Don't pull the money just to pull the money. It's tempting to do. You would pull the money if you lower the rate by enough that it's worth doing the refinance. For me, it's usually if I can lower the rate by more than a point and I'm going to hold the deal for more than a year. It's almost always mathematically worth it to lower my interest. That's reason one to refinance. But I don't lever up without a deal in mind because a refinance takes a little bit. It goes it goes a little bit faster than a traditional close. So if I needed to pull the money from one property, I would want to have my target lined up. And if I know I'm about to go under contract for a deal, then I'd be like, okay, I'm going to go start pulling the money. I'm going to start this process. So the money hits. But what I don't want to do is just pull more money, be paying more interest on more money, and not actually need any of that cash. I wouldn't pay to be liquid, if that makes sense. I look at the net cash flow and say, like, hey, equity is great stored here for right now. If I need the money, I know I can tap it later.