$1million in equity - looking to leverage -advice

[Russell Buxton]

I am sitting on $1million in equity in six rental properties I own free and clear. I have high income and generate $150k in excess earnings per year which I used over the last few years to build my investment portfolio. I wanted to be safe and sleep at night. However, I now realize that these assets are not working for me. Looking now to try and access this equity cheaply and reinvest in new rental properties. I don't want to pay $5k in cash out refi for every new mortgage. Very familiar with the HELOC strategy. Any other tips on best and cheapest way to access all this equity? Thanks

[Amanda G.]

Sounds like you are aware of your options. How are these assets not working for you? It doesn't sound like you need cash flow. Maybe group them all together in a business loan and find a syndication or two you'd like to join?