Equity Investor Advise?

[Drewg123]

I purchased a home in CA for $650k in 2005. I put down $130k down payment and received an Option Arm from CW. The house is now worth around $540k.

I then took out a $150k HELOC out against the home. I used that money to purchase four homes out of state at around 5% down on each. Most loans are interest only fixed for 10 years. With HELOC seconds. The houses are negative cash flow by the tune of about $800/mo, if they are all rented. They are never all rented at the same time.

Things were going good and I quit my day job and went into Real Estate sales. Sold nothing and burned through all my reserves. I went back to work and have a pretty good job now, but it does not cover all my expenses.

I rented out my primary residence here in CA and am now renting a room from someone.

But since Not all of my places are rented. One having been vacant for over six months. I am broke and getting to where I can not afford to pay all the mortgages. I have to do something to get my life back and get into my own apartment or back into my house or a smaller home.

I don't want to loose any of my properties if I don't have to, but I need to come up with the best way to survive the next couple of years.