Selling My Houses And Moving on

[Kolton Lynch]

Hey Guys, I have been working the same sales job for just over 9 years. I have been with the same company for about 11. So I have been doing the drive back and fourth to home has been so draining and I have been the happiest. I have a couple of rental units that I have been wanting to hold on to but I feel like I should sell both of them because I have had my mortgage payed down quite a bit and I have flipped both of them so I feel like I could possibly sit on some coin for a bit and look for better investments and a new goal to follow because I have a new daughter in my life and I would like to see her grow instead I leave the house at 530 am and get home a 630 - 645 Pm . I am looking for some guidance on my next step and would it be worth it to leave and figure some things out.

The market seems to be doing well right now and I feel I could get 450K+ for each house. which should leave me with over 220K on one house and 260 - 270 on the other. Would that be enough money to walk away from my job which pays me 87K a year plus a 15k end of year bonus which gets taxed like crazy lol. 

I kind of have my mind made up but I would like to hear some onions or other options that may help my self and my family along the way. Any advice helps Thanks again for reading this and thank you ahead of time if you choose to respond. 

EDIT** Sorry I forgot to mention what I would like to do. I would like to use that money and to buy more rentals which will help with the day to day and the passive side of things and also do 1 or 2 flips a year to help with our living expense. I also have plans of doing some JV with friends and family members. Sorry I forgot to mention this but this is what I plan to do instead of taking the money out and just living on the couch lol

- Kolton 

[Jeff Copeland]

While I'm sure it would be awesome to take a few years off with your daughter, your post really doesn't address what you're going to do instead of working and owning rental properties. 

What happens after 4 years when you run out of money?

Another possibility might be to use that equity to buy more rentals (to generate more passive income, so you can work less), hire a professional property manager so they aren't draining your time, and then re-think your work-life balance. Maybe reduce your hours or pursue a different career path, in addition to the income provided by your rentals?