As we’re beginning to get a grasp on the scale of the challenges ahead we wanted to highlight a few areas of note and concern that is already influencing the local and national real estate market.

I’ve just recently joined BiggerPockets and am introducing myself to the real estate world, I’ve been doing a lot of research, reading, and listening to podcasts to get a good grasp on the realm.

I'd like to understand which is the better option between these two and the reasoning behind it. 

Hi Savannah,     Still trying to get a grasp on the market in Hartford myself. 

I also have a pretty good grasp on UCC law, which is why the  information that the "Bank of Banks" implies is of concern to me, and quite frankly, should be of concern to everyone.

I’m all for value-add and if you need to pull cash out to get another deal that makes a higher return then how much you pay for it, sure, but I think you would be better off selling it and starting over.

I figured what better place than the bigger pockets forum to ask if maybe I'm not thinking of all my options.

You'll need to hold for at least 2 years but 5 is better.

I've been doing some research on multi-family properties and trying to get a grasp on trends.

You'd be looking for HELOC rates better than 10-11% to fund the reno.