Cash-out refinance on primary residence?

[Ryan Fox]

My wife and I are trying to get started with rental properties, but only have a little bit of capital. A lender we contacted suggested that we do a cash out refinance on our home. He said a HELOC would end up costing much more. For us to start out, should we do a cash out refinance on our primary residence and use the capital to brrrr strategy for a fixer upper...or possibly use the cash to make down payments on multiple rental properties?