Getting to the Next Level

[Mike Stahlman]

Hello, We have been purchasing homes for the past 4 years and have 9 rental houses.  They cash flow between $200 and $470 a month.  They are all in the St. Louis, St. Charles counties in Missouri.  We have purchased these by putting up our own money as down payments or purchased the houses with our own cash rehabbed them then financed them out.  Now we sort of hit a wall where we can not get many more 30 year fixed mortgages.  We also do not want to continue putting our own cash in the properties.  So we are looking for options either to sell some of our cash flowing properties and 1031 exchange in to an apartment complex.  Or start using a lender that will finance any new purchase and rehab costs.  I know there are lots of them and we have a good relation with one.  I am not looking for financing offers!!! 

My question is, how can we move to Multi family?  I think that will give us better growth potential but I am not sure how to get there from here. 

Thanks