Looking to finance a couple properties

[Ryan Kinsella]

Hello everyone.  I'm looking for some ideas on financing.  These properties are near a major college in Indiana.  Here is the situation:

- Property #1- This is a large 3 unit complex.

- Unit 1- 4 bed 1.5 bath rents $700

-Unit 2- 4 bed 1.5 bath (remodeled) rents $925

Unit 3- 2 bed 1 bath rents $595

This property is owned and not currently financed. Purchased for $102k and have put about $20k into it. I would like to get it under a 30 year and pull $$$ from this to purchase more. I guess this is what you would call a BRRRR. Can anyone get higher than 75% LTV on a 3 unit?

- Property #2- This one is a 3 bed 1 bath single family

- currently rented for $700

This property is also owned outright and not financed.  It was purchased as a steal for $37k.  I'm guessing it should be worth around $50k.  The problem I'm running into with this one is most banks will not finance something that small.  

Any ideas?  I appreciate your feedback

[Harjeet Bhatti]

@Ryan Kinsella  Property#1 you can cash out 70%ltv max for 3 units under conventional loan. Property#2 you can get 75% cash out but after 6 month of initial purchase.