How to buy more investment properties?

[Cedrick Gervin]

Hello BP family,

I would like to know the best way to move forward. We presently own 6 rental properties (townhomes) and have done fairly well keeping them rented for the past 4 years. Now we would like to buy more units but not really sure how to proceed. we spent all of our capital purchasing the 6 units.

1) we need to purchase a primary home which will cost around 300k

2) we are mortgage free on the 6 units (worth 45k each)

3) we would like to purchase 12+ units (cost per unit 50k)

So my question is what is the best way to accomplish our goal? Should we take mortgages the properties we have now?

I was wondering if we could possibly apply for a $600k and mortgage the rental for the 20% down payment?

Then some how we could take the 600k and purchase additional units. The primary house purchase would be separate from the investment deal. So should we try to work the investment deal prior to purchasing the primary home? or purchase the primary first?

Open to any suggestion

Thanks in advance.

[Charlie Miller]

Can you get HELOCs on the town houses that are paid off? Use this money to cash purchase or for down payment.