Do cash out or hard money lender

[Lily Ochoa]

Hello all need some advice I have a coop in NYC area since 2007 I am ready to take cash out and buy a house BRRR method but my husband doesn't think its a good idea since we owe 102k on loan and our mort payment are 560 mth and maint 635 if we do cash out it will jump to 2136 mth and not enough profit to make on it (we are allowed to rent out coop) if we rent it for about 2100 mth. Another option is to try to borrow from a hard money lender but not sure how it works? I really do not want to sell coop since we are allowed to rent and its in a great location.

Lily (NYC)