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Advice on cash out to purchase next rental during COVID-19
Background - owned properties in CA, one is primary home with mortgage and my parents live in another one (no mortgage and title is under my name). I am planning to cash out on parents' home to purchase next rental(s). While I am looking for the deals and not sure how much I can cash out from the house, but the current rate is very low and I dont want to miss the opportunity.
Any thoughts or comments on my strategy?