Refinance to get equity out

[Jasmin Thompson]

Is it smart to refinance right now to get equity out my home. I have a about 70k of equity in my home. I am looking to purchase my first rental. My other option would be to pick up my family ( 3 kids and my husband) and move two hours away to live with my parents and rent our house out. I honestly don't want to move my kids school but I will if that is the best option in getting started with owning rental properties. Thanks for any advice.