What to do with an appreciating four plex.

[Bradley Miller]

Hi all. New here doing a lot of reading, listening, and learning. I bought my first four plex about a year and a half ago and have been “living for free” since. I am getting ready to do number two. Here’s my question: I purchased my fourplex via FHA and owe 240000. I paid 285000 for this property. After some investment, this house is worth approximately 375. Is it wise to refinance? Cash out? I got a little lax this last year and a half with some other ventures. I am back on track and hungry with this again full steam ahead. Looking for some opinions here is all. Thank you all very much.