VA refi cash out on personal residents to start my business

[Kevin Fitzsimmons]

Good morning BP! This is my my first discussion forum and need some advice. I'm starting my real estate business and for up front capital I was looking to do a 100 percent VA refi cash out to get started. I can cash out a little over 60k. My current rate is 3.375 and if I do the cash out I would be looking about 3.75 bases on first 2 quotes over 30 years. Outside of saving up the 60k over years, does this sound like a reasonable way to start out. The rate seems reasonable to me as compared to other financing options. I would appreciate any suggestions. Thanks.

Kevin