150k in equity in first home

[Jake Newman]

I have upwards of 150-180k in equity from my personal home I would like to use to invest in my first multi family but low cash on hand, HELP! I want to use it but am having a hard time getting full support from spouse and family due to my possible military separation/ and the unknown... I am located in Columbus Ohio but am looking more in the Dayton area due to more family being down there. What are my options here? Should I leverage against or use a heloc for cash down and conventional financing?! Any advice would be wonderful. 

[Austin Steed]

@Jake Newman

Awesome to see another veteran here in Columbus Oh interested in RE investing! I got out of the service in 2016 and have purchased 3 properties since. A lot of that came from leveraging the benefits of VA loans.

Good thing about a va cash out Re fi is that you can go up to 90% ltv and actually I work with a lender who let me know of a program to get 100% ltv on a re fi, however the rates aren't as good. What I plan on doing is doing the 100% ltv cash out and then after 210 days or right around 7 payments do an IRRRL (Interest Rate Reduction Refinancing Loan) to get my property stabilized with a more permanent loan. If you were do this same thing you could get all of the equity out of your house at a very competitive rate (since va loans are government backed).

Best of luck and if you need any ppoint of contacts for the process I have no problem sharing info through a pm.