If you cash out equity in a property, you are "borrowing" that money from the lender.

Risk goes hand in hand with the amount of money you stand to make.  

I have only been doing this for 5 years but what I have learnt is that it takes money to make money.  

It just proves that everybody’s in it for the money.

Insurance doesn't cover anything anymore and we can almost just pay for all damages with the money we spend on it! 

The owners who switch to a PM come to me for the same reasons Drew said above.It is not rocket science, most folks hit a point where they no longer want to trade their time for money. 

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

I haven't seen much said about them but I'm satisfied with what I've experienced.. they've made me money and I collect rent every month.   

These items have me slightly concerned and weighs on my decision, making me want to "take the money and run".Question: Would you sell, abandoning a 3.125% interest rate, $1000/mo cashflow (which I believe would be roughly halved if a loan were taken for the capital improvements to the larger property), to lock in the equity gains tax-free made since 2020?

all of the units were updated except one, which I did put alittle money into to bring it update to date with the others, so that would have helped the value a bit I would think almost a year later.