Cash or Loan rehab and finance

[Fradel Ogarro]

I am a new investor still learning the world of real estate. I have a property in the Caribbean with the plans of complete renovation and turning it into a vacation rental. I currently have 20 grand cash for the renovations but Ive been thinking if I should take the cash and the property to the bank as collateral and get more cash to possibly invest in another property and do renovation of the first one. Or just tread lightly and work on the property I already have first then venture out from there. My mind is in  thousand places since this is all so new for me. Im ready to learn. PLEASE HELP! :)