Out of state BRRR and home refinance ?

[Phillip Troutman]

As a newbie in Realestate I need some advice. I'm considering doing a home equity refi on my FHA loan to pull out some capital for investing. However I'm a little nervous because me loan is so sweet at 3.25. I would love to get an investors opinion. Should I mess with my current loan? Or just look for other means to invest in realestate ? I would love to do a BRRR but I wouldn't be able to afford anything in cali... I mean right ? I'd only have about 40k for investing. Is it possible to do a full BRRRR from another state without a partner? With FEDS beginning to raise rates is anyone adjusting their investing strategy drastically ??? Any advice on the above topics would be hugely appreciated. If anyone is in the Whittier area (or surrounding) I'd love to buy someone a cup of coffee to let me pick their brain. Respectfully, Phillip