@Diana Muresan
Just to paint a more clear picture. This is a 5 plex that I converted from a four plex after getting residential funding, 3.25% apr for 30 years it’s zoned commercial and zoned 5-8 units. It sits on a 2+ acre piece with the plex and parking lot sitting at the very front. I bought it for 350k, I owe 315k, it grosses 5600 a month. It is currently listed at 950k. It has had some activity but no offers yet. It clears about 32-3400 a month depending on water and electricity. I am married with six children. I recently purchased three homes with additional tax lots that I’m trying to develop. I was hoping to get some advice on how to access some of my equity from the plex to help with my other investments and continue to invest. We are currently house hacking and my wife is at her wits end. I know that I can put the money to work if I refinanced it but it pains me to give up that rate. The property has future development potential as well. I’m curious what the BP crowd would do?