Getting Creative with SFH Rentals in $30-50k Range

[Herschel Kessler]

Currently own two SFH that we purchase with cash (and some zero APR credit cards).In the process of getting them both mortgaged (conventional route).

I'd like to hear different methods of financing. I want to have a back up plan should conventional fall through. I also want to have a game plan should all that work but now we have to many for conventional route.

Based on other discussions it seems like a blanket loan will work down the road. Any other options? 

[Paul Ewing]

So far I have gone the conventional route on one $100k property, all cash on a sub $30k property, a couple using cash and five year private money loans from family, and one cash and a $15k five year personal loan from Discover.  It was 8.9% but all it took to get was calling them up on a preapproval letter (I get several a month from places) and I figure if I find anything better I will go ahead and pay it off quick.  I have used the 0% 18month card transfers with a 3% fee for improvements and such but don't like them as well.  I am really not that into debt even though it males things proceed faster and I may only get a couple places next year and concentrate on paying everything down.  I haven't decided.