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that is a good idea though could I refinance if I have only have 50 thousand into the mortgage?
I believe that the lender would look into the "equity" on the property, and not what you have put into it. So for example, you think that your property is worth $500k and if it is, a lender could lend you up to 80% of the equity.
So if you purchased for $300k and have $50k of your own money into the property, your equity would be $500 x 80% - $250k = $150k. The $150k in equity could be borrowed in the form of a HELOC to invest in more properties.

Note that I'm not recommending this strategy, just pointing out some options.
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