About to walk with 210k from an old long term rental.....

[Chuck Oese]

Hey all, Im new to the site and podcast and just scratching the surface on BRRRR techniques.

1. Do I just roll everything into a 1031 exchange or should I pull some money, pay the capital gains and use it to get started with BRRRR? Hopefully someone has experience doing something similar and can help. I apologize if this has already been asked but I couldn't find it.

2. I should also add that I have another property that is a short term rental that cash flows but has a first mortgage on it.....there is a lot of equity that I could do a cash out refinance. Is this a better option to pull money to get started?