Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
$1million in equity - looking to leverage -advice
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