Creative Financing for buying properties

[Madhu Kumar]

Hi BP folks,

New investor question, I tried to answer this myself so many times but could not do so. I need your input.

I have bought couple of SFRs this year each around $50k after rehab and rents for minimum 1k. I feel like this is great investment and want to buy more and more. But, I have used up all my cash and may need few more months to save up for my next one. I understand I can pull some cash out of these properties by opening a LOC from a bank. I am good with that option and wanted to use after the seasoning period. If I use this, probably I will add one more.

Also, I do not want to use bank loan for these smaller value (under $50k) properties as I want to save them for multi family properties which I am planning to buy next year. Already I have 2 mortgages as of now, one is my primary residence ($550k) and the other is on an investment property of $100k value.

Do not get me wrong, Its only been a year I entered into the Real Estate world and I am curious to see what other options exist that I can use of without a bank loan.

I feel like there are more deals but not enough cash. What would you do to acquire more properties?