Make the most of a Century City Condo

[Will O'Kane]

Wife and I have a condo in Century City. We have over $300K in equity on a $550K mortgage. Comp properties are selling for around $700K in the area. Property provides nearly $1K in cashflow/month (which we love), though we want to secure more properties (likely multi-family) to continue to build our portfolio. What's the best way to leverage this property while still retaining it with cash flow? Do we sell and reinvest? Take out an equity loan? Leave it and be happy with the high cash flow? I understand its a personal choice....want to hear what others would do.