Refinance? Cash out? Considering options.

[Bradley Miller]

Hi all. New here doing a lot of reading, listening, and learning.

I bought my first four plex about two years ago and have been “living for free” since. I am getting ready to do number two.

Here’s my question:

I purchased my fourplex via FHA and owe 240000. I paid 285000 for this property. After some investment, this house is worth approximately 375. Is it wise to refinance? Cash out?

I got a little lax this last year and a half with some other ventures aside from RE. I am back on track and hungry with this RE again though. Full steam ahead.

Looking for some opinions here is all. Thank you all very much.