What do with 2.5M-3M Equity, page-8

It really depends on how much debt you have, as to what you should do with the $2.5m in equity.

If you have that equity with very little debt, I'd sit on the sidelines for 12-18 months and watch to see how property prices go in the face of rising interest rates, which are at near zero and very likely going up this year and next, meaning that asset prices will likely fall. You're highly likely to be able to pick up something way cheaper next year compared to now.

But, if that equity is accompanied by high debt, I'd strongly be considering selling something. For example, if that equity is in two or more properties worth say $5m, but your debt is $2.5m, hence giving you $2.5m in equity, I'd strongly be considering selling one or more assets to lower your debt. In a situation where say prices fall 20% from here, the value of your portfolio would go from $5m to $4m and your $2.5m equity would shrink to $1.5m.