Locked into 2.8% interest rate but want to invest

[Ryan Carlin]

I'm looking to invest in another property. I have approximately $700k in equity in my home currently.

With anticipation of a recession - what are the ways I can unlock that equity without doing a home equity loan or HELOC? Any creative ways out there?

[Rick Albert]

What is the concern with HELOCs? You only pay on what you use and you can keep the 1st loan at the low interest rate. Sounds like a win-win to me. It may still be lower as a blended rate rather than a full on cash refi.

You could have someone buy into the property and now you give up partial ownership. You can also consider hard money lenders but I would imagine most would want to be in first position.

Forget the interest rate for a second, does it make sense to sell and reinvest in another, better producing property? Maybe a better asset class or just better cash flow?