10 institutional loans and private lenders

[Rob Sasser]

Hello all, I am trying to buy 10 investment properties with 10 conventional loans.  I want to take advantage of the low interest rate and 30 year terms.  I have 4 properties now and 6 to go.  It is taking about 4-5 months to buy, close, rehab, get my money out and do it again.  I would love to be able to buy properties faster so I thought about exploring some private lending.  If I do some deals with private lending will that hurt my debt to income ratio thus hurting my ability to qualify for conventional loans?  And also if you have to get a private investor loan at a higher inters rate, is there a way to "refinance" it later to a lower rate if you already have 10 conventional loans?

[Travis Sperr]

To buy properties faster - look at buying with Hard or Private Money - fix refi - using the rent from the subject property, you should be able to do a couple at a time depending on DTI. I was able to buy 8 properties with this strategy, in about 2 years.

When you get over 10 properties - you can do it all the same, but you will need to refi with a local bank or commercial lender - like B2R. Often lower loan to value, higher rate, shorter term. But when you have 10 cash flowing properties, with equity it shouldn't be an issue continuing buying and/or refinancing new properties.