NJ Investor Looking for Advice

[Anthony Estrella]

Good morning Everyone,

I am an NJ investor with a question for some of you savvy individuals. I've done a handful of fix and flips and earned enough to purchase and renovate a single family property cash (no financing with current value of about $350k). I would like to leverage this property (cash out finance maybe 100-150k) to put a 20-25% down payment on another rental or 2. Another option is to sell the property, put funds in a 1031 and purchase the next project or projects.

The question I have is simply which route would you all take? Leverage the property to purchase others or sell and move on to the next? If you do a cash out to get the funds for the next property, how would you go about getting the following property after that? Thanks and I look forward to everyone's input.