Would you refinance ?

[Luis Nino]

So I have a home I bought for 80k cash.now it’s valued at 276k I did the rehabbed work since I lived in the home I been fixing it little by little. This year I bought a bigger home and rented the old one out and I’m getting 1900 back in cash flow and using that money to pay off my other home. So my question is I have all this equity what should I do refinance and buy other properties or just keep sitting on it since it’s paying my other home off ?