What to do with a ton of sitting equity

[Kevin Nguyen]

My brother and I happened to inherit a property in Southern California and wanted some input on how to go about taking out the equity and the process of investing it into more properties. We've done some research and was considering a cash out refi and investing it out of state. Is this a good idea and what are the steps for this and working with other banks out of state? 

[Jayson Cain]

Hi @Kevin Nguyen,

Yes, you can definitely do that. This is what I did last year for a condo in Long Beach, CA where I did a cash-out refinance to invest in other cashflowing properties in Indianapolis. Let me know if you need any recommendations or just want to know more about investing out of state.