Help me try to fund these 3 purchases

[Nick Versetto]

I found 3 great rental houses in my local burbs of Chicago.

Here's the scenarios

2 TH's currently rented for 1400 by long time tenants 

- Sale price 130k worth 150k x2 = 260k loan

1 TH not rented but would fetch 12-1300

Sale price 80k worth 100k

Total loan 340k against 400k at 0 down but trying to find 10-15% to put down against sale prices.

I know it's not a ton of equity compared to a lot of flips and other deals I've seen but I'm trying to stay in more affluent suburbs and reo's are few and far between. I'm looking at the big picture of eventually having more equity when I turn to sell them in 10-15 years. DTI is in the 40s because of the two houses and decent but not substantial income.

I'm light on cash because I just built a new house and put 20% down on it.

Paid 454k

Loan 363k

I also own my original home turned first rental for 2300.00 a month

Worth 325k

Loan 218k

I've got close to 200k in equity in my two houses now. I'd like to eventually blanket my properties once I get 5 and can figure out how to get my DSCR above 1.2 on properties that are more expensive.

TIA for any help or paths this leads to.