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Updated over 9 years ago,
Not to sure who to turn to for some good advice
Hi everybody I don't know who to turn to for some good advice .currently I have a loan of 200k at 3% to my brother on a 11 unit apartment building value is 1.6mil the other portion is mine it was gift from the family estate .
I also have a hloc on a Sfr at 4.25 % I owe about 350k it's valued at 525k.
I also have a mortgage on my primary residence I owe 560k its value is worth about 1.5 mil at 4.25 % for another 28 years.
I am wondering if I could somehow cash out some of this equity to purchase another rental unit
I would greatly appreciate some guidance or if there is someone out there with some the knowledge and strategy to help move to the next level .
Thank you