Hello folks, I bought a duplex recently in SC via conventional loan, and I’m constantly looking for deals and I tend to find good ones every now and then but don’t want to deplete my cash reserves for the 25% down payment.

I am hoping to use a HELOC (or home equity loan) for down payment and conventional loan to fund my first deal.

@Scott Shope  Fannie Mae do not have any lower loan  amount restrictions there are so many banks who can refinance on lower loan amount.You can get long term amortization on conventional loan.

The other thing you could do is actually buy the property with hard or private money and cash out refinance with a conventional loan after the rehab. 

Well, you Won’t get a 30 year mtg with an llc....it eliminates 30 year fixed conventional loans.

.- Interest rate - Feds raised rates again, so might be tough to find a non owner occupied (assumed due to your location) conventional loan @ 5%.- Confirm property taxes on the county website.Feel free to PM me if you have questions. 

Buy with conventional, government backed mortgages.  4 easier mortgages and then the remainder are more difficult because of debt to income ratios and reserves.  

It will be for section 8 I think as most professional couples would not want to stay in a metal building even though the inside would be all conventional. 

Let me know if there is any other data you might like to know about and if I tracked it I will be happy to post: Note: All homes sold were under a turnkey business model. 55 total sales in 2018 - 53 of them were conventional financing and only 2 were cash buyers.38107  2 sold  Avg price $99,900  Avg rent $950  38109  3 sold  Avg price $76,566  Avg rent $84138112  1 sold  Avg price $77,000  Avg rent $82538115  3 sold Avg price $109,266 Avg rent $1,05838116  11 sold Avg price $99,363  Avg rent $1,04738117  3 sold   Avg price $100,933  Avg rent $94138118  11 sold  Avg price $84,918  Avg rent $86338122  1 sold Avg price $95,000  Avg rent $895 38128 7 sold  Avg price $92,785  Avg rent $90238141 6 sold  Avg price $104,583  Avg rent $98738053  1 sold Avg price $109,900  Avg rent $99538134  3 sold  Avg price $103,233  Avg rent $99838135  1 sold  Avg price $114,900  Avg rent $1,050Southaven MS 1 sold  Avg price $83,450  Avg rent $850Horn Lake MS  1 sold  Avg price $129,900  Avg rent $1,250-------------------------------------------------------------------Not included in the data above we helped sell a total of 6 homes for past investors.

It doesn't always have to be conventional either, uber, airbnb a spare room, build shelving, tutor, offer any service you have any skill at.