How to utilize equity?

[Zachery Holley]

Hello Everyone,

I recently bought a house using my VA loan (within the last 6 months). My house is in a new construction neighborhood and the same floor plan is now selling for 40 almost 50k over what I paid. I'm looking for some insight on how I should move forward. I've been listening to bigger pockets for about a year now and I really want to get a property to use as an Airbnb. I was thinking cash out refi and use the cash from it as the down payment for the rental but I'm not sure if that's the most efficient way to go about it. Any tips would be great on how I could use my properties growing value!