Using personal house as financing?

[Justin Gustafson]

I owe $144k on my home, estimated value is $320k. Would you consider refinancing and use that money to invest in other real estate opportunities? I also have $80k cash but am having a hard time finding deals in my area (Minnesota - Twin Cities) that could be funded with only that cash. Thoughts? I’m trying to find my first deal but don’t want to settle.