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Updated almost 5 years ago, 02/09/2020
Need funding in DFW area
I am at a stage where I have few rentals. For sometime I used HELOC loans and my own money to fund my purchases. But that's slow and limits me to 1-2 purchases every year. I have talked to some Hard money lenders but the interest rate is much higher for these loans. Conventional loan is a hassle because of all the documentation needed for existing rentals. In this situation what's the best way to purchase Duplex's or Triplex's in DFW area with say 30-40% down ? I have a small network and seems like we can find deals where the purchases will be in a good location, will be priced below market and will have instant equity. Also equity should increase after repairs. I am primary looking for long term rentals.
I will really appreciate the insights.
Thanks