Real estate investors can use a cashout refinance to get cash from their property's equity. Basically, they get a new mortgage for more than what they currently owe, and the extra amount is given to them as cash. This is helpful if they want to invest in more properties or make improvements on their current ones. However, it's important to know that there are some risks involved, like higher interest rates and closing fees, and it's possible to end up owing more on the property than it's actually worth.

DISCLAIMER: please note that the information contained in this video is for educational and entertainment purposes only. You should always consult your own attorney and your own financial and tax advisors before making any legal or financial decisions. This video is not intended to and does not create any attorneyclient relationship between the content creator and the viewer. The views and opinions expressed in this video belong solely to the creator and do not reflect those of his law firm or any of his business partners.

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