My Personal Finances, what's my next step

[Cody Kauzlarich]

I am going to be completely transparent with my wife's and I finances in hope to get some good suggestions of the direction to go to lead us to our goals. We currently owe approximately 140k on our personal residence valued at 180k, we owe 108k on a duplex that is currently rented and valued at 136k, we are in the process of a flip that should net us approximately 12k that should be finished by the end of the month, I have 12k in student loans, and we owe 38k on a truck. My wife and I both currently work every Friday, Saturday, and Sunday night-12 hour shifts(results in approximately 50k in incentive pay per year between both of us.) We make good money but have basically no flexibility with our full time jobs, but it does give as an excellent opportunity to work on our investments throughout the week and we cash flow approximately 5-6k a month not including our current rental income. We have limited savings since we recently purchased both of our investment properties but we have our personal emergency fund and rental property reserves in place. We contribute enough to our 401k's to get our top employer match. I would like to continue to grow our portfolio to a point where we can both go part time and off of weekend package, which would allow us to have an incredible amount of flexibility with our W-2 jobs while maintaining some great perks and benefits. Plus, we both like our jobs, just hate the current strict schedules. As we progress, I would like to employ the BRRR technique with our own private funds. I have basically been given two options to accomplish this, have however much money I need to buy and rehab a property in my checking account or use a HELOC and then refinance with a traditional mortgage to get my initial cash back out of it. My issue is that I'm far better at paying extra on loans than I am at just having money laying around. We currently have basically no equity in either of our properties, and I hate having a car payment. At the same time, we don't owe money on anything with more than 4.5% interest. Should we pay down our vehicle loan, our personal residence, duplex, keep money in traditional savings, or stuff as much as I can in something like a Vanguard total index fund.

I apologize for the lengthy post, but thank you each in advance for taking time to weigh in on this for me. We would like to terminate our weekend package contracts in the next 18 months so I just want to make sure we are on the path to leads to that goal. 

[Kevin Siedlecki]

Sell the truck and get something cheaper.  If you're serious about setting yourself up financially for the future, you need to make some sacrificing now. A vehicle that expensive is holding you back.