Very New. Very Nervous

[Rosalin Cooper]

Hello All and thank you for having me.

I purchased a 2 family home in 2007 and have lived in it since while renting out the 2 bedroom apartment of the 2nd unit. I am interested in making my current home work for be by purchasing an additional buy and hold as well as using some funds to try my hand at a flip.

The approach I am looking to take is to do a cash out refinance my current home then use the funds to fund goals.

Does anyone have any experience in this? Advice? Good or bad idea? All thoughts, ideas etc. are welcome!

Thanks