My Friend Owns 5 Properties What Should He Do Next?

[Arjan Amiri]

Dear Forum,

My friend has 5 properties and he is wondering what move to make next. One of the properties is his primary residence. He has thought about selling one of his condos and using the cash to pay off his primary residence. He also has thought about refinancing all the properties and taking the cash and making a down payment on one rental property and another down payment on a more expensive primary residence. What would you do in this situation?

Sincerely,

Arjan G. Amiri