I’m currently mortgaging a home, over the past two years, and one refi later, I have gained about 40k in equity roughly. Would it be a good idea to use my equity to start to invest? 40k is a lot to get a loan, but if they are offering zero percent loans someone could take advantage of that and repay the loan while renting the house out right?

If I were in your shoes I would absolutely use a HELOC to invest. Use it as a downpayment on a cash-producing asset or use that money to get a hard money loan and flip something. The way the market is right now, I'm leaning heavily into flipping, just my 2-cents.

@Trent Stone Thanks for the info..Do you think 40k of equity isn't enough to buy a house to flip? What should be my next move after getting the HELOC?

Depends on what area you are looking to invest. We are doing all our investing in Indianapolis. Hard-money lenders will usually ask for 10-20% of the purchase price and will fund the entire rehab. ie. Buy a house for $100k with $50k in rehab that will sell for $220k. You would only need to put down $10k plus a couple points and fees, maybe call it $15k-$16k. Which still leaves enough in reserves for a contingency budget. 2-3 months later, sell it and do it again or wait for the seasoning period, refi and do it again. 

We are always looking for partners. We get a deal or two a day across our inbox, let me know if you have any interest. Best luck either way! :)