Financing that 2nd multifamily

[Mike G.]

To apply the knowledge that I have been reading about for years. You will never hit a home run or even strike out if your too scared to step up to the plate and take a swing. So I'm ready to take a swing just need someone to point me in the direction. My question is about how to get creative financing. I currently have an FHA loan on my 4 plex. So what are my options at this point? Refinancing to a conventional loan and try to pull any equity out. I'm at a 6% cap rate with about 800 /month cash flow from the property which includes 7% property management and maintenance. I am getting into wholesaling to drum up cash but I have yet to wholesale a deal. I'm determined to use this as a method to create cash flow to get a second property. Any other suggestions or insight that you guys can share at this point because I feel stuck and want to get over this bump in the REI road.