Cash out refi for down payments on more property?

[Samantha Klein]

Hi,

I have a question. I have a duplex free and clear worth 75k and I have 40k in savings to put down on another duplex or 4 plex however I really don't want to spend my savings because it will leave me thin but I was wondering if I could cash out 50k from my paid off property and use 40k of it for down payments on other properties?