Cash-Out Refinance on Home to Fund Real Estate Investments

[Richard Rogers]

Greetings,

I am a new investor in South Carolina and I am looking to use the equity on my primary residence as Capital to fund my investments such as flipping or rehabbing or even short-term rental properties. It's not enough to fund entire projects, but would be plenty for 10% to 20% of acquisition costs.

Has anyone else used this method of financing or could recommend other methods? Is this a mistake?

Any insight is appreciated