How much equity would you take?

[Adam Craig]

Quick background - I am 27 years old. I own 10 single family homes in the Cleveland suburb market and have a second business outside of real estate that generates most of my income/cash flow.

I recently got approved for a cash out refi on 2 of my properties with my portfolio lender. 

The numbers for each are:

Appraisal:  130 / 115

Loan Balance: 37 / 44

Available Equity : 93 / 71

Total cash available : 164K

I plan to take 100% of the cash to invest in additional properties and my SEP IRA.

So how much equity would you take? I dont plan on retiring for 30+ years and the Cleveland market didn't gone gangbusters like some other markets so I dont think declining prices should be much of a factor.  How greedy should I get?

[Travis Tomlinson]

Take all of it. Any time you can take cheap money and reinvest at a high rate you do it.