Rentals with equity

[Gregory Solomon]

I have 2 single family rentals. Property A has 3br/2b. 1100sqf. I brought the property in 2009 for 103k , I owe 79k. The homes in that area are going for 200k+ for new construction homes. The rent is $1200 per month with a mortgage of $960.

Property B has 3br/2b 1600 sqf. with detached garage. I brought the property in 2013 for 143k , I now owe 121k. The homes in the area are going for 200k+. The rent is $1300 per month with a mortgage of $1,000.

My question is would it make sense to pull the equity out property A and B to flip another property or use it for another investment multi unit? Or even pull the equity to rehab property A to sell it. 🤔