Buying Properties all cash

[Khurram Chaudhary]

My business partner and I bought our first rental property all cash several months ago. We have put a decent amount into the property to make it enjoyable for the tenants. We are in an area with high turn over due to the market and don’t anticipate any problems filling the property. 

Our plan is to buy one property each year all cash until the interest rate decline a little bit.

We might have 5-6 properties by then and want to use the equity to buy multiple properties in the same location or maybe large apartment complexes in middle America.

My question is: What is the best way to use this equity (since we will not have any mortgages) once the interest rate declines.

Our ultimate goal is to have a substantial amount of monthly profit which will allow us to decrease the time we have to dedicate to our w-2 jobs. 

Thanks in advance! 

-K