Help! I thought i was on the right track....but seem to be lost

[Tom Brickman]

I bought my 1st property at 21. I Currently have 6 properties. 5 are completely paid off and are all occupied rentals.  1 has a small 90k mortgage on it ( My Primary residence).  How do i fiance a new deal using equity from some of my paid off properties? Is that possible? If that is not possible how do i get a lender to lend to me on a rental property? Especially one that needs repairs? I'm based in Dallas Tx and half my homes are here and the other half are in Toledo Ohio. My credit is good. I just need to be pointed in the right direction. 

[Nathan Gesner]

Contact your bank and tell them you want to borrow against the equity in your homes. They will appraise the homes to determine value and then loan you up to 80% of the value with a line of credit. The line of credit is nice because you only pay interest on the money withdrawn.