$50k from a refinance, with equity left!

[Chad Gilbreth]

With the current interest rate environment, I’m highly considering refinancing my current home to access cash to start adding real estate to my portfolio.

Rough numbers, my mortgage is raised by $200/month to get my hands on approximately $50k, with $30-40k equity still left in the house.

Where do I start with the $50k if this is my first property? Low priced single family home, multi unit?

I need your help!