Success update and advice sought

[William Collins]

Here is a progress update from a small-time investor in Connecticut who is trying to achieve financial freedom. The road has been acquisitions for the last seven years. This year is a stabilization and reflect year.

The questions that I am trying to work through are what to do with locked equity and where to go next. The support system I have set up is Connecticut based in the Hartford County area. I have built a portfolio that is reflected below. Some major wins for the year: I started with a rent role due to turnover of about 52,000 per month. I will exit the year. With a Rent roll total of about 74,000 per month. PITI Is approximately 43,000 per month. Needless to say, the year began stressfully but has turned the corner. Accounting for approximately $10,000 of repairs, maintenance, and capital expenses per month, this still leaves a passive stream of about 20,000 to split between two partners. The properties also have appreciated very well, and we currently sit at about 55%. debt to equity ratio. Most of the debt is on fixed 30-year notes.

Personally, I have a stable long term W2 job which can cover my family's expenses. I also have 401k/ IRA which put me on coast FI.

So here is the question for you:

Would you pull out 500,000 From the equity on the portfolio to do the following:

Invest in Short term rental properties, in long term residential rental properties that are more aligned to appreciation.

It would decrease cash flow by $2000 in the short term.

Manchester CT – 3duplexes, 1 quadruplex and 1 5 plex

Canton CT – 1 triplex, 1 five plex and 1 six-plex

Southington CT- 2 duplexes

Bristol CT- 1 duplex, 2 quadruplex, 1 six-plex

Berlin CT- 1 duplex, 1triplex

Total unit count: 54

Rent Role: $73 780 / month.