Second Deal - brainstorming lending ideas

[Sean Lynch]

HI BP,

Hoping to brainstorm with all of you on ways to finance my second property. 

My brother and I purchased a property last year and have been living in it/renovating. Things are going well, we'll be renting it out in July (ish) and will be moving on to a multi-family next to house hack.

We did our first property through FHA and understand we can't do that again. Below are some options I would like to dig into, any advice on which ones to stay away from/ are the best? Are there other options out there that I'm not thinking of? We are looking to get creative here so please share any success stories you may have.

Options considered:

- USDA Loan

- Conventional - (Just not realistic in the short term due to down payment requirements)

- HELOC

* Is there any way to get a line of credit on our first property? Our renovations will add some equity for sure but I doubt it will be enough.

- Hard Money Lenders

- Personal/Secured loans for Down Payment

Any advice is appreciated. 

Thanks BP

Sean