Whats the next step? How do I scale Up

[Darryl Williams]

My wife and I have been buying rentals over the past few years. We now have 5 tenant occupied homes with no mortgages. Our cap rate ranges from 8 to 12% on these units. It took us several years to get here as we were funding everything out of pocket. Now we are wanting to Scale up and get some return on our investments. We don't know where to begin I don't know If I would qualify for a commercial loan due my credit score being only fair (670) range. What would you do or advise me to do to grown my business. This is something we love to do and to see it grow.

[Joe Villeneuve]

Originally posted by @Darryl Williams:

They are worth anywhere from 50 to 65 k based on the size. 2 are 3 bedrooms and the other 3 are 4 bedrooms I am cash flowing about 550 per unit.

 I'd say there were a couple of ways you can go, but you are actually positioned perfectly to move forward.

Bu my count, and your numbers, if you sold off all the properties (don't fall in love with your properties...they're not related to you), you should walk away (after fees, etc...) with around $240-250k in cash. That cash is now your new base seed money.  Don't ever spend it...use it to infinity though.  You need to "flip that cash" (notice I didn't say "properties") and expand it to a magic number determined by the cost of the market you will invest in (still to be determined), the strategies you will use there (still to be determined), and the plan you put together (also, still TBD).  This larger "seed money" is the new base seed money, that you will never spend...just use forever.  Continue to flip it, and spend each now profit on your cash flow properties.  You just became your own bank...delivering you with an unlimited supply of "free" (yes free) money.