Best way to use equity on seller financed properties?

[Mark Erhart]

Hello,

In late 2019 I bought out my parents 3 rental properties (5 units) through 5% down payment, seller financing with a 3% interest rate! It was mismanaged at the time and we renovated 3 of the units and raised the rents of all 5 units. The value of the properties have increased dramatically and I want to get the most use of the equity in the properties. I am hesitant to do a cash out refinance because the interest rate of 3% seller financing is hard to beat. The loan amount is about 500k and I believe the properties are worth around 850k.

The properties are in a LLC, what are the best options to use the equity in these properties to continue to grow our portfolio?

Thanks in advance,

Mark