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Updated over 4 years ago,
Equity stuck in property and I want to continue investing
I own three properties. One has about $280,0000 equity that I would like to use to continue investing. Due to my high debt to income, I am not able to qualify for a refinance.
Monthly Income:
W2 2426
Property 1 Rent 2200
Property 2 Rent 2700
Total monthly income: 7326
Expenses:
Property 1 Mortgage 1306
Property 2 Mortgage 2177
Property 3 Mortgage 1284 (This is a co-sign loan)
Total monthly expenses: 4767
Besides selling the property with the high equity, what are options or strategies I can use to continue growing my portfolio?