alternative funding sources?

[Troy Whitney]

So, I'm looking for information/suggestions on getting started raising private capital to buy more properties in Philly.  I have a credit score right around 800, own 3 properties outright in Philly, have significant equity in two other houses in the Seattle area and a have a commercial property as well in Yakima, WA (great little investment that's been doing nothing but make money for almost 8 years).    My issue with traditional lenders is that I had some stock market losses last year and the lender I was working with didn't like my K-1, which is understandable but frustrating that anything I want to do ties up so much cash.  It's also insane to me that these guys won't let me borrow against properties that I currently have 100% equity in with my current guaranteed income and credit score.  Other than a couple of pieces of real estate and credit cards I pay off each month, I have zero debt. Hard money is a nonstarter for obvious reasons.   So yeah - I would love to buy more properties in Philly - I think it's a gold mine (I can't even believe the deals I'm finding there).  If anyone has ideas, knows people that want to invest in Philly, etc., please let me know.  Thanks.

[Larry Fried]

@Troy Whitney

Hi and welcome to BP! I am actually going out to Philly this weekend on REI business. I have a team I am working with there but I am certainly looking at some additional opportunities. I'll PM you, and we can discuss.

[Troy Whitney]

Larry, sounds great.  Look forward to hearing more.  Thanks.