Am I leverage too much

[Depak Paten]

I would like to get members opinion to see confirm that am I leveraged too much? I should hold on to further addition of rental property?

Assets/Liabilities

Primary home: Market value $300,000 (mortgage balance $139,000) rate 2.75%

Condo 1: Market value $130,000 (cash purchase)

Condo 2: Market value $120,000 (mortgage balance $89,000)

Townhouse market value $125,000 (mortgage balance $68000)

Land: cash value $40,000

401K $70,000

0% APR balance on credit cards $18,000 (planning to pay in next 3 months)

Income:

W2 take home yearly $86,700

Rental income yearly $44,400 (cash flow $21,600)

Since I don't have any liquid cash to add more properties in my portfolio. Shall I continue to buy more properties? If yes, shall I use my HELOC from primary home rate 2.99% for 10 years? Off course my wife is against it since I purchased all properties in last 16 months. Couple of non-real estate investor thinks I am going too fast? Other options are to sell land, 6-10 months to save more money?

Please provide your input?

Thanks in advance