VA loan reinstatement

[Skye Penland]

I have two homes that are currently VA loans. I want to either refinance one and apply for reinstatement of benefits to purchase a multifamily residence (I would live in one side and rent the other). OR I would move into the home in question and do a cash out refi with the VA and take that equity and put it towards a BRRRR duplex. Thoughts? My wife and I need a role model!! Can I get the VA entitlement reinstated if I have that second home as a VA loan? Or do I need to refi both of those homes in order to get my benefits reinstated?