RE: Need some advice from experienced investors

[Edwin W.]

Good morning All,

My mom owns a 4-plex in the Bay Area. She is currently living in one of the units. Zestimate according to Zillow is over $1.2 million. It's a 11 bedroom and 7 bathroom. Current mortgage amount is $290K. My dad is getting ready to retire soon. What are some of the best strategies for her to make passive income using the equity?

I have thought about some of the below options:

-refinancing to buy another huge apartment complexes in other states

-using HELOC to privately lend on new construction projects at 10 -15%

I would like to hear from the more experienced lenders and investors.

Thanks,

Edwin