Are DSCR loans good to scale a rental business?

[Corwyn Oliver]

Hi BP pros,  

I have some buy and hold rental property, some acreage and several lots that are good for building new SFR or multifamily. If I build, I would like to sell or maybe hold them and pull the equity out to keep buying new rentals. I haven't been investing long but I have about 990,000 in equity (estimated based on sales price of comps in the area). I need about $130,000 to do some repairs. I would like to use my equity to buy more rentals, or build more properties or expand outside of the rentals into rv parks, storage, or tiny home villages. My 'thing' is to make sure I use the equity correctly to keep scaling up and to move towards financial independence. I am looking at a DSCR loan (75-80 ltv plus FEES) but I wonder if there are better products that can allow me to utilize a bigger chunk of my equity to move forward. Would you use the DSCR loan or is there a better product out there? What would be your strategy? What I think I want to do is pull enough money out for the repairs, find a lender that will allow new builds with 0% down since I own the land I mentioned and then buy other multifamily properties with creative loan products they you guys may posts about after reading this or else buy them with (insert ominous music here) the remaining cash with from my DSCR cash out. So I wand to build and I want to buy. The problem I think I have is after do repairs and buy a couple of multifamily complexes will that grind me to a halt once all of that equity is gone - or am I missing something here? So again my questions are would you use DSCR or something else? And what would you advise as a strategy.

Thanks!!