How did you add value to the deal?

If your property's value has increased since you bought it... given the market trends in Albany, that's quite possible... you could tap into that equity sooner than you might think.

If you’d like to explore these options or have questions about financing, feel free to reach out! 

Feel free to ask any questions you may have regarding Freddie Mac and Fannie Mae multifamily financing in the comments - or DM me directly. 

One has no mortgage, their other has a HELOC for around $20k remaining and is coming to its 10year term that was established before placing with LLC.My predicament is how/best way to pull equity out of either property for a down payment for the 3 family that is valued around $450k.

I feel like after this tenant - the stuff may be in bad condition. 

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

Traditional + Seller back financing How did you add value to the deal?

In my area, they charge transfer tax on the assessed value rather than the LOW sale price.

The estimated value  now (roughly) is $200K.