Using first deal to fund next?

[Jessie York]

Ok bought my first investment!!!! House appraised for $75,000 I purchased for 65,000 with 20% down so financing $52,000. Currently rents for $1200/$300 a room to college students. I’m needing to figure out my next step to use the equity to fund my next property. I should be able to get a 80% loan on my equity for down payment on next property correct? Would this be considered BRRRR or should I try & refinance this property after I make some improvements. I have built in equity from the purchase & he doesn’t need a ton of work right now.