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Updated over 9 years ago,
How can I buy more house with 5 free and clear rental properties?
I live in Phoenix AZ. I bought 5 rental properties few years before when the market at bottom. I paid $40k for each. they are all free and clear now. the comp show $100k average for each house. I rent it at $850 each. I quited my job since I bought the properties. last week, I went to Wells Fargo to see if I can get some Line of Credit out to buy some more rental properties, but they said no to me. what should I do now? any opinion will be appreciate!
Thx