Conventional Mortgage is about to end - what is next?

[David K.]

So I have been very busy this year (my first year) and have acquired a few investment properties, and a few more are in works...

If this continues, and I expect it to be the case, I shall exhaust my conventional 10 loans by Fall 2018. So what's next???

I have been actively listening to BP podcasts and reading and there are a few options but i am still unclear.

It is much more evident what to do if you are into BRRRR, because then you have an option to seek the short term private loan or even borrow against the credit card or your relatives. You know that in 6 mo or a year, you will most likely be able to refinance and pay off the loan.

But, I am strictly passive investor and invest into the TK properties, where there is no room for improvements and thus I will not be able to repay the loan quickly. 

So, what are my options? 

1. Partner with someone who's still able to borrow conventionally. I have started looking but truthfully, for TK investments where the cashflow is about $200 per unit, finding someone who is interested is a long shot..

2. Not investing into a SFH, but instead finding those small MFH's. This way you are only applying for 1 loan per few units. This is definitely intriguing, but not as easy to find a TK MFH. Plus, you will still eventually run out of loans and hence my post :)

3. Do not invest into TKs

Please share your thoughts and prior experiences - thank you  - your insights are invaluable!