What would you do if you were me?

[Kevin Varallo]

I’d like to get some different perspectives on what you would do if you were me.  

Over the past 10 years I have been investing in single family homes as long term rentals and now have 6 houses that are totally paid for and still bringing in rental income.  

With the market the way it is right now I currently have about $850,000 in equity in these 6 houses.  So my question is: what would be the best way to put this equity to use?    What is the best way to get it? Normal cash out refi on each one?  I will probably run into debt to income ratio problems this way with conventional refinancing.    And what would I reinvest it in?   Multifamily apartments?   I would have to buy 20 single family homes.   

I’m not seeing anything on the market that would bring a good return because of the astronomical prices right now.   But doing nothing with all that equity seems crazy as well.   

Would love to hear from a commercial investor and someone that’s well versed in finance or anyone that has the same issue