Updated over 5 years ago on . Most recent reply
SFH Equity has grown - Trade up or Cash Out Refi to buy another?
A SFH rental I have had for a while has $100K in equity (Total value $250K). I think I want to trade up and do a 1031 exchange for a Multi-Family property, but not sure if that is a better strategy than just taking the money out through a Cash Out Refi (or a HELOC) to buy another one or two SFHs or MFH. Thoughts?