I will schedule meeting with a few bankers in Atlanta next time I am in town.

One of my greatest advisers is actually my banker, and many of the best bankers enjoy the less structured and smaller banks.

My friend (seriously) owns 1 paid for primary residence, and 2 rental properties in which his uncle acted as the banker for him on those properties (off the books)So in the banks eyes, all 3 of his properties are fully paid for.Primary residence is around $400kRental 1 is around $170k and Rental 2 is around $600kHe was thinking of taking out a LOC for the properties and reinvesting it to purchase a larger property, a property that would still cash flow well after LOC interest payment, P&I and budgeted expenses.So I thought I'd ask on here for some advice on what YOU would do in his situation or how would you go about investing the available equity?

I will be calling my banker tomorrow but thought I would ask you all. 

Received it as a gift around years 1999- 2000 one of the things that stayed with me through all these years build a team of experts Realtor, Banker, Accountant, Lawyer, Landscaper, etc., and always Mind Your Own Business.

In your case, depending on availability of property and finance terms you can achieve on or these scenarios or a hybrid of both might work for you.So with the above in mind, you could sit down with your mortgage banker and look at how to juggle equity to maximize your buying power and reduce outflowthe timelines of the 1031 process will need to be considered as well as your ability to replace the property you have right now with same or better cash flow.  

I own a few and outside of my attorney, banker, and a few rehabbers (great tax consultant), I'm still not comfortable saying that I have a full team.

How am I supposed to discuss these listings with other people that may be involved in the deal on my side (agent, banker, partner, etc.) without breaking the NDA yet showing all the detail to them?

there ya go all good.. nice work sure helps when you can actually speak to a banker instead of a servicing company. !

I am a realtor in Lansing Michigan with Coldwell Banker