We were all in at 1.55 million and our appraisal came back at 1.9 million so we have about 350k in equity.

Fortunately, I got in on the upswing of 2012 -2018 appreciation wave and now I have 6 units with $1.1 Mill in equity (1 being paid off and enough cash to pay off 1 more)Here are a few directions I have in mind.1.

I have about 180k in equity on the single-family, but am wondering how much debt I really want/need to take on.

Paying off a $100,000 note doesn't mean you have $100,000 in equity...

I already have over 4 mil in equity.

*Once I did pull out the $25,000 to $65,000 in equity would you suggest I just do 20% down?

When you are doing a direct exchange (you and I exchange properties with each other), you only have a totally tax deferred exchange if you are trading equal or up in equity AND debt.In the delayed exchange that you are proposing, you engage the service of a qualified intermediary to sell your relinquished property to a third party, then acquire your replacement property from a fourth party.

From experience, I've learned I typically don't mess with a preforeclosure unless it has at least $40k in equity.

I currently have $55k in equity in my main property.

In other words, it doesn't prevent a borrower from making a fuss and requiring a formal process with 8% or 10% or 15% in equity.