Financing 2nd duplex

[Mark Wikkerink]

Hi guys,

It's been a while since I've posted, but we finished our 203K duplex renovation, got tenants right away for above rates in the area, and things are going well! You can see the final images here: http://www.whitepaperweddings.com/big-white-finall...

We just found out that we can purchase 2 more duplexes on our street (up and coming neighborhood) for 40K each. Both would need full renovations. 

The problem is we don't have a ton of cash right now (less than 10k), but we only have a few weeks to get this deal before the seller lists the properties.

We just submitted the paperwork to refinance our current duplex (that we live in, the 203K), and we should have about 20-60K in equity in it. It's tough to say since there aren't any comparable properties close by.

Any tips or ideas on how to finance one or both of these new duplexes? Any advice is appreciated!

Thanks,

Mark