Real Estate Investing / Syndications

Hi,

Seeking advice from seasoned real estate investors.

1) I own an investment property that cash flows 800 per month. I'd like to extract some of the equity out of it via a heloan to expand my real estate portfolio. I am looking to get 50k.

2) I am also looking to move 50k in my 401k to a self directed 401k and use this to also invest in real estate.

Ultimate goal in all this is to expand my real estate portfolio while using some leverage in equity that I currently have in my investment property while also giving my 401k some exposure to a different asset class than the stock market. Ultimately, I would like to then continue to leverage this to expand my real estate portfolio and continue using the funds returned on these investments and grow.

I should mention I am interested in loan syndications as I like the idea of exposure to real estate but not having to be as hands-on but can be if required.

Am I thinking about this correctly? / would others think this is an okay strategy to expand my portfolio or is it too risky?

Thanks in advance looking for some feedback here!