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John Lupo
Pro Member
  • Investor
  • Hollywood, CA
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15
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Not to sure who to turn to for some good advice

John Lupo
Pro Member
  • Investor
  • Hollywood, CA
Posted Jun 13 2015, 01:02

Hi everybody I don't know who to turn to for some good advice .currently I have a loan of 200k at 3% to my brother on a 11 unit apartment building value is 1.6mil the other portion is mine it was gift from the family estate .

I also have a hloc on a Sfr  at 4.25 % I owe about 350k it's valued at 525k.

I also have a mortgage on my primary residence I owe 560k its value is worth about 1.5 mil at 4.25 % for another 28 years.

I am wondering if I could somehow cash out some of this equity to purchase another rental unit 

I would greatly appreciate some guidance or if there is someone out there with some the knowledge and strategy to help move to the next level .

Thank you 

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