Maxing out at 10 loans, what to do next

[Joe Kim]

It looks like I will hit my 10 loan limit in the next few months with 3 new deals I just started.

My initial plan was to pay off my smallest mortgage 70K by doing some equity stripping/refinance of 2 other investment properties in Houston and Indy that have appreciated.  However, my lender tells me I cannot do that once I'm beyond 4 loans.

I just maxed out on my HELOC which was my favorite way to borrow.

I'm wondering what the best next steps are to buying more properties?

#1 Pay down HELOC quickly and re-use

#2 Pay down my smallest mortgage at 70K and free up 1 loan

#3 Start accumulating cash to buy properties with ALL Cash (that would restrict me to cheaper properties in rougher neighborhoods that I personally do not like)

#4 Portfolio lending with a smaller bank

#5 Private money (not right for me since I do only buy/hold with turnkey providers). I wish I could do BRRR method but too time consuming to do it out of state/longdistance.

#6  take money from 401K (borrow up to 50K).   I cannot convert into self-directed at this point.

#7  Chill out for a few years and see what the market does.  Another recession in 2016, 2017?   Pay down mortgage debt, free up another loan, optimize my portfolio/cut expenses, accumulate cash.