What is the best way to gain equity in a multi-family/Building?

[Franklin Marte]

I was told you can gain equity by renovating or by reducing the loan payments. Which is the best way or quickest way possible to go about it?

[Dan Weber]

You increase value in a building of 5+ units by creating more annual cash flow. You create more value in a 2-4 unit building by improving things like kitchens and baths to create value against the comparable properties. In order to accurately answer this question, you need to provide more info.