If I want a business loan with good credit, low income and use my property as collateral?

I had to have the owner do a collateral pledge since I couldn't qualify for the mtg myself ( similar to a cosigner today).

Now, I would keep the 15 unit deal, finance the 50 unit deal if the numbers work, and maybe use the equity you have in the 15 unit to put up as collateral for the 3rd smaller property you mentioned.

If your looking for a quicker exit and more passive income, MF is the best option...If I had it to do over again I would have done an FHA live-in on a 4-unit for my first investment...I did a FHA on a SFR HUD home...in at $77k (60% of ARV), $10k renovation, used  the equity as collateral and did a new construction project, refinanced, sold the new construction, made $25k net, pulled $30k in a HELOC from the primary, moved, rented at $1,200/mo. and appraised in the high $130's right now...so, it worked well...good renter...still equity there.

Using these techniques allows the lenders to more accurately collateralize their loans and therefore protect their risk.One of the more useful metrics for 2-4 family buildings is GRM, rather than cap rate.

@Mark @Mark Nolan is what you are saying mean that "Jim Brown" could use say a HELOC on his principal residence or some other property and use THAT towards the property that he wants to partner on with his SDIRA, but he could NOT use the property that he is partnering on as the collateral for the loan?

Even then, you would have to get great rates and I don't think you will find  low rates on unsecured collateral.

You might end up having to cross collateralize the portfolio to get that to work.

All this on a loan that was collateralized at almost 300%!

However, many of them are just following wall streets collateral model for mortgage backed securities.