Financing Cheap Houses
I've been purchasing a number (4 so far) of cheap houses (<$50k) with cash, and now I'd like to get my equity back out of them to buy more. I'd also like to figure out a plan for being able to do this smoothly in the future. By a cheap house, stabilize it with repairs and a tenant, and get all or most of the equity back.
Regular residential mortgages don't seem to make sense, because I can only seem to get 4 of them and anyway the costs are so high relative to the amount of the loan.
I can't be the only one. Where should I be looking for money?
Thanks,
Michael