Newbie - What would you do with $350K in home equity?

[Chris Kim]

Hi BP Family,

I'm starting my journey towards financial freedom, and I was curious what you would do if you were able to pull $350K out with a refinance at 3.5%?

I want to eventually own an apartment complex, but since I don't have that knowledge or experience, my initial plan is to use a portion of the equity and buy a duplex that will yield 9.5% return - higher if I self-manage. I realize this may not be the best use of the refinance at the low interest but not bad either as I view this as a learning opportunity since it will be my first investment property. I can also eventually 1031 into something bigger, but I was curious what people who've had more experience than would do with this equity.  

Thank you!