Combining Cash Out Refinicing and stocks for Financial Freedom "Ish"

[Angel Perez]

Hello, I started investing in real estate on 2017 and I have 7 properties (1 4plex, and 6 SFH includding my primary residence, ). I have a full time w2 job plus managing all the properties and I am getting good cashflow. I am thinking about leaving my W2 job next year but my cashflow is still not enough to cover my expenses, but I have a good ammount of equity. I was thinking about an strategy of doing Cash Out Refinicing putting that money in the stock market (distributed in ETF and some "safer" stocks) to get around a 6% anual return (estimating that low because is the "standard" average, however my current stock portafolio has a cummulative return of 66% in the last 4 years). I would be taking out more money than the 6% anually from the stocks, but my thinking is that I could make that money last 4-5 years and after those years do another cash out refi and repeat the process. I would wait until I do the refinancing to quit my job, and for the next refinincing I would use DSCR loans.

Has anyone done that or is doing that? what are your thoughts and experience?

Thank you