How to Scale My Multi-Unit Property Portfolio

[Brian Kebel]

Hi Everyone,

What is the best way to scale my multi-unit portfolio? I currently have 2 duplexes; I acquired my first one in 2019 using a 3.5% down FHA loan, and my second one in 2021 using a 15% conventional loan. Of the 4 total units, I rent out 3 and live in the fourth.

What is the best way to grow my portfolio? I've researched refinancing my FHA loan into a conventional so that I can use the FHA again, but I've found that there is high likelihood that an underwriter will deny the loan if they think I'm trying to take advantage of the FHA program to acquire investment properties - which is exactly what I want to do.

So assuming that is not an option, are there any other strategies to scale my portfolio? At the moment, I do not have enough liquid cashflow to put 15%-20% down. Can I tap into the equity I've built up in my 2 duplexes? Are there other loan programs I can use? Are there any hard money lender programs that would fit my needs?