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Updated over 6 years ago,

User Stats

30
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19
Votes
Russell Buxton
19
Votes |
30
Posts

$1million in equity - looking to leverage -advice

Russell Buxton
Posted

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

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