Where to go after purchasing 8 rental properties

[Frederick Laura]

Since 2016 I have purchased 8 rental properties in Florida.  I have good tenants and the monthly return on all the properties is good. The loan officer I have used for the purchase of all my rentals and primary residence advised me that I am at the point where I can no longer qualify for another property because I do not have enough money is reserve and making much less money due to lack of work from the Coronavirus. To move on for the purchase of additional properties I am not sure if I should look into an equity loan on my primary residence or perhaps flip one or two of my properties. This is all new to be and any advise would be appreciated. 

Thanks! Fred

[Jon Shoop]

Look into doing a 1031. Sell one property and use the proceeds to roll into buying two more rental proeprties. A 1031 allows you to roll previous real estate sale money into a new real estate venture without having to pay sales taxes. At least that's the layman's term.