Pull Equity or Sell a residential to get into Commercial
Ive got roughly 100k equity in my rental property. I want to get into commercial, with hopes of getting more cash flow and longer leases. Im not sure if its smartest to pull the equity using a line of credit, or selling and doing a 1031.. Is it even possible to do a 1031 from a residential to a commercial? I feel like I can use that 100k to benefit me, and im sure there is 100 different ways to do that. Any and all advice would be greatly appreciated!
Mike