Best way to access equity to buy more properties.

[Kevin Escobar]

Hey Everyone. My wife and I currently have over $700k in equity across our 5 properties. We were able to fund the down payments for these properties all through our personal incomes. Our goal is to continue to expand our portfolio. We just went under contract on another unit yesterday which got me thinking about all of this. It is going to require a full renovation. The plan is to do a BRRRSTR on it. We have friends/family who are ready to invest money with us, which was my original plan to continue to grow. But with all this equity I'm wondering if I should continue to expand without bringing other people in yet? Below are a few numbers. I appreciate any input!

Property 1 - 3.375% rate. Balance $275k - Value easily over 600 but let's say 550 to be conservative so 275k in equity. This was our first primary we bought 6 years ago which we made into a house hack although we didn't know that's what we were doing at the time lol.

Property 2 - 3% rate - Balance also about $275k with a very conservative value of 500k. This has been a cash cow for us besides the appreciation gain. We have about a 50% CoC return here.

We have another $200k+ equity across 3 other properties but these all have been purchased in the last 14 months. 2 of them have rates below 4%. The other is in the 5's. But I don't think these would be the ones to pull money from yet. I should also say we like to keep reserves on hand to cover the mortgage on all these properties for 6 months minimum. 

Looking forward to hearing what everyone thinks! Thank you!