Single family investment property to multifamily
I have a single family home investment property that’s located in the Bay Area about 20 miles from San Francisco proper. I have a huge chunk of equity build up over the years in this investment property. I am debating if I should do a 1031 exchange, take a equity line of credit, refi at a higher interest rate than my current interest rate and take some equity out or simply sell my investment property. My goal is to get into multifamily properties hopefully one closer to San Francisco. Also this investment property is under very low interest rate and generating over 100% cash flow of the mortgage payment. Any suggestions?