lots of equity, no job, looking for advice

[Alex Khan]

Hi there,

I have a multiunit property (tri plex) in sonoma county that I purchased with 20% down in December of 2021. I have a bout 500k in equity and wanted to see what ways if any I could get cash out AND, where to invest ? 

I have been laid off for about a year now, so that makes getting a HELOC difficult. I am going to be getting married here in a few months and my partner makes about 160-180k a year. So i'm thinking that could help with qualifying.

Lastly, I would like your feedback on where/how you would invest if you were me? Ive always leaned towards the CA market, however, recently have started to give midwest/other states a second look. Some multiunit/single family properties is ideally how I would like to invest. 

Any and all feedback would be greatly appreciated. 

[Chris Howell]

@Alex Khan

Look Into a dscr loan.   They look at income of property and a asset loan.  They dont look at your income.   This could be a way to go.