let's say you buy a house for one hundred k you only put down twenty k and the bank gives you the other eighty thousand dollars
then you put twenty k into the property to fix it up which is value-add
that property now goes up to two hundred thousand dollars that you could do a cash out refinance and you could pull out seventy percent
if it's worth two hundred thousand dollars now you can get one hundred and forty thousand dollars now you're getting one hundred and forty k out of the property tax free that you can roll into another asset