Cash Out or Leverage

[Michelle Brabeck]

Hi all, I have two properties CA full time residence and MN vacation home. We own the MN house free and clear (a very small house) worth 180k and a CA house worth 850k with a $3000 per month house payment and a 415k loan on it. . We live in CA and want to start investing in real estate in MN full time after my husband retires soon. My question is should I keep my house in CA and leverage it or move to MN full time? We stand to profit about 400k on the CA house or we can leverage both houses for the equity and have about  270k in equity lines of credit but also have a $3,000 per month house payment and have to pay monthly on the equity lines while in use.  Any help you can give I would appreciate it!