I recommend cross-analyzing the blended rate option vs a whole new cash out on the 1st lien.

@Cassidy Burns runs a great one which is a nice blend of education and networking.

It would be important to calculate the blended rate and calculate the cost.

If you grabbed equity from the orange county property via a HELOC and your current mortgage, what would be your blended interest rate taking into account both mortgages? 

My clients are still buying long term stabilized single tenant NNN more 10 to 15 year type stuff.I am buying with my syndication all cash short term lease blend and extend opportunities.Accredited investor 200k minimum per property for LP'sTypically pay 8 pref on value add deals and split cash flow thereafter 50/50 between LP and GP.Closed on Walgreens last month at 11 cap rate absolute NNN with 5 years primary term remaining. 

Network with property managers and consider a blend of strategies.Good Luck!

In fact, we're closing on our third deal this year, average blended price of 80k a door, and blowing past the 1% rule.

When you are willing to cover your mouth with a handkerchief and step over land mines to see if the layout works for a LTR you know you're a real estate investor 😁 lolI've seen it all and smelt it all.Just haven't found a dead person yet in a property heheFunny thing is, having travelled a lotSome cultures consider animalistic smells attractive.Even aphrodisiacs.Personally, I love me some niche perfumes and have always bought the heavy Middle Eastern Oud scents.Repulsive when first applied but give it a few minutes and it blends into the skin making it sweet, sour and woody lolMaybe cat piss after some time smelling it would also blend in with our olfactory senses like it does with the other cultures hehehehe 🙈   

I'd compare the blended rate with how much you could get with a refinance otherwise and tell you whether it's a better idea to go with a full refinance or the HELOC route.Feel free to PM me if you don't want to share this information on the public forum.

This is per unit, obviously multifamily would be more blended(you don't have 8 roofs for example).