Hi everyone,

I'm relatively new to real estate investing and would appreciate some advice on my current situation. I currently own a 3-family property, and my primary residence is a 2-family home. Monthly, I'm seeing a net profit of $1400, and I've managed to save up 6 months' worth of emergency funds. Both properties are locked in at 3% so refinance would not work. 

Recently, I applied for a HELOC and was approved for $245k. However, there's a $130k lien from a previous loan modification due to a past hardship. This means that if I access the HELOC, I'll need to settle the $130k lien, leaving approximately $114k available in the HELOC.

My question is whether it would be wise to proceed with the HELOC now and invest the remaining amount into another multifamily property that generates cash flow, helping to cover the loans. Alternatively, should I wait for better rates before making any moves? My ultimate goal is to potentially refinance down the line to settle everything.

Any tips or insights would be greatly appreciated! Thank you."