Hi,I am an investor in single family homes and am interested to use my equity in them to start investing in multi unit shopping center retail.

Both have great groups of folks who invest locally.  

Can you invest that money that would be used to pay it off in places that earn more than 7%? 

Jace, what specific areas are you investing in?

@Polat Caglayan very ambiguosu question, but read the helpful info below to guide your next set of questions:)-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

.• This balloon payment will be paid through a cash-out refinance of an investment property valued at $198,000.7.

What is it like investing in Birmingham?

For those who have invested in both, what were your biggest lessons learned?

To Sum it up, its a good idea if you can exceed the cost of capital (higher rate than your cost of debt) with what you earn on your heloc/debt you pull out and invest.The question is how much gains above is enough to substantiate the risk of your variable interest rate, well thats up to your personal investing criteria.

Investing in Hawaii sounds like an amazing plan!