Am I holding too much liquid?

[Tucker Cummings]

Summary of my situation:

Wife and I live off just her income. Tithing, Investing, Saving comes from my income and after our tithing, 401k/IRA contributions, our W2s put about $2,000-$4000/month toward saving/investing. I'm in sales so commissions makes it fluctuate.

5 Single Family Homes:

• 2 Stabilized cash flowing, 1 owned free and clear

• 3 In middle of renovating for BRRRR using OPM. I'll end up leaving about 5-10% in each of these deals after I refinance/stabilize.

• Current Cash Flow is $1350, once 5 total stabilized I’ll be around $2,550 cash flow.

Cash: $35,000

• $10,000 - personal 3 months emergency

• $5,000/door

HELOC: $99,200

• Held In first Position at 4.75% on my rental owned free and clear. $0 drawn down.

Stocks: ~$15,000

My question is "am too liquid?" I'm using that HELOC as a way to come up with the 5-10% gaps at the BRRRR refinance and show lenders I have reserves. But I keep thinking about it more and more and realizing I'm nearly $150k liquid.

Would you invest more aggressively? If so, how? I’m 28 now, Goal is to “retire” from my W2 by the time I’m 30. 23 months to go!