1031 exchange sounds good in theory, but you need to do it in an area and at a time where there is inventory to choose from because once you identify the three properties, you have to close on one of them which is very difficult in a competitive environment.

I own three properties and have a great amount of equity in all of them.

@Or UziWelcome to Bigger Pockets. 

There are lenders who can do a cash out refinance for the new appraised value after three months so it can be a good choice for an investor who's doing a BRRRR.These loans can work for investment properties that are long term rentals, short term rentals, non warrantable condos and condotels.

Hello Erick,Welcome to Bigger Pockets.

If a wholesaler is doing 5 deals per month with 5k EMD for each deal, that is 25k out of pocket and may limit the amount of deals that wholesaler can do.

If you have any questions or want to talk options feel free to reach out I always enjoy helping Bigger Pockets members save time and money.  

And congrats on owning three paid off rentals!

The Bigger Pockets Podcast is great for that. 

Welcome to Bigger Pockets!