Buying my second property

[William Naber]

I recently closed on my first investment property which is an SFR. I am looking for ways to raise enough money for a second property. I purchased my first property through my LLC, since I have enough money in my company 401k and my wife's in home business that we need to protect ourselves. I don't have enough equity in my primary residence to get money through a HELOC. Since we run a clothing business out of our house, moving and house hacking isn't a choice. Since we have other assets to protect, an FHA loan is not a choice.

In my local market I have missed out on a number of deals because other investors are offering full cash deals, paying well under market price and closing in 7-14 days. I feel like I will be stuck investing in mediocre SFR's for quite some time.

Since I am buying through my LLC, the multiple banks I have talked to require 25% down and 20 year term loans.

Any advice?