Lender for investment property

[Derek Hedgespeth]

Hey Guys!

I am under contract for my first duplex. Long story short, it took a tremendous amount of savings to be able to get the property. I still have decent reserves and it will cashflow for me. The original plan was to try and acquire another property in a year or so once I built up some more cash. I met the owner yesterday and we hit it off pretty well. He has another duplex on the market that cash flows even better and I believe he'd owner finance with around 25-30 percent down. Do hard money lenders just loan just for a short term? Is it possible just to borrow the down payment and then use cashflow to pay that back? Part of me wishes he'd never brought it up because I think I might stretch myself thin. Any advice from a seasoned investor is certainly welcome. Thanks for your time.