Starting out in SoCal - Need some advice. Cashout Refi?

[Steven Wong]

Hi BP Community,

Been really impressed with the caliber of people and advice in the forums so far. Just wanted to pick the brains of the BP Community.

I have property mgmt experience I've been managing various 15-25 unit complexes over the years and my family has some commercial property that is paid off. Just wondering if it's worth cashing out and refinancing to acquire more properties right now.

My father has a B Contractors License and I have a C17 Glazing/Windows license. We are interested in doing some FixnFlips or Additions to add value. Currently we don't have a lot of cash on hand but are willing to refinance out of some free and clear properties if the deal makes sense.

Any lenders out there or should we just do traditional/conventional refinancing? The properties free and clear are little strip malls and commercial buildings with existing tenants.

Looking for mentors or partnerships. I'm willing to do a lot of grunt work and I speak 3 Chinese dialects if that helps. Also have my RE Agents license too.

I'm located in the Pasadena area but willing to drive out to anywhere within reason.