Refinance residence to get started?

[Joe Chabala]

Hello All! I have been planning my attack to get started in real estate investing for some time. I am ready to just dive in and and get the ball rolling. My wife and I purchased our primary residence about 2 years ago for a bargain. I am wondering if I should refinance my primary residence to get my real estate business started? I can pull out about 15k from our primary residence and use that towards a duplex/triplex that would cash flow about $300/month. The mortgage on our primary residence would only go up about $50 and the term would increase by 2 years.

The details are not that important, I am just wondering if using my primary residence as leverage to purchase investment property is a good idea?

Thanks,

- Joe