Best way to start investing

[Dante Anderson]

I currently own a 2 bedroom 2 1/2 bath townhome in South Park, San Diego. This is the first property I've ever bought and purchased in November 2016. I want to start investing in multi family units and i need advice. My home according to my realtor would sale for $470k and possibly more if i was to put it on the market. If that's true i have around $140k in equity at this moment. My agent told me i could 1- sale after 2 years in November and hope the market continues to rise and buy a multi family property in Vegas or Arizona or 2-(What she said she would do) Hold on to the property, refinance use the equity to either put 20% down or pay off the multi family property and rent out both my townhome and MFH. Mortgage is around $1700 and HOA fees around $530. At the moment im doing research on how much my townhome would rent for if i kept it. What would be the best way to go in your opinion? All feedback welcome

[Jay Helms]

@Dante Anderson I prefer a HELOC over refinance. Works similar but with a HELOC you're only paying for what you have used to date. With a cash out refinance your paying for the entire sun the moment you close. If you sell or rent out the townhome, where will you live?