50k in equity and want to pull and invest

[Ornella Kaneza]

Hi, basically, I have 50k of equity and want to pull that money out (HELOC) and use it for another deal, which I'm trying to figure out. I bought the townhome that I live in and renovated and increased its value and added a whole bathroom. Now I want to go to the next step of my investing journey but I'm not sure yet.
First, I could use that for a down payment and renovation for a second house to rent it out on Aironb or long term tenant. 

Second option, if it's even valid, I could build a new house in one of these new communities and then have the house for another few months and sell it (assuming that it would have increased in value) Any input to any of these two strategies would be highly appreciated!

Thank you!