Mortgage or Refinance property? What move to make

[Raul Ruvalcaba]

Hello everyone, 

I need some advice as to how to proceed in my investment quest. I currently have 4 mortgages. I been saving up for awhile now... I been able to saved approximately $50k. 

I thought of investing half and half into two properties. However, I got an offer to buy an all cash property for that amount. 

If I purchase an all cash property, would it be wise to buy it, refinance it and re-invest whatever I pull out of the property? I don't know if loan wise, considering I have 4 mortgages already, it might make things harder with the 5th and 6th loan. 

Any advice would be greatly appreciated. Thanks in advance.