**Financing Risks:** High-interest rates on pre-construction loans can impact your overall return, especially with rising cost of capital.

I'm assuming that what you describe as a "hard money loan" really is a "hard money loan". 

Thank you in advance. ( Also I'm in the middle of BRRR book so I'm feeling motivated ) I think the minimum credit score for a conventional loan is 620 and for FHA it's 580.

It is possible the guy just read an online article about this or something like that. 

Can I use an fha loan for a multi family property new construction?

It must be a "line of credit" where I can make draws, and not a home equity loan. 

If there is enough equity within the properties based on their appraised value, you may be able to do a packaged loan for these two properties and then have enough equity for a down payment on another property.

I would like to implement a online marketing strategy soon to increase leads too.Well, I hope to meet and network with y'all on BP and in the San Antonio market soon!

But with the financed deal the renter pays the mortgage down allowing you to tap a percentage of the equity as a tax free loan.

We are open to getting a home renovation loan and finding something cheaper and renovating, but we still can't get into the prime areas for the budget.We have been advised to make sure to choose an area insulated with good schools and parks but that's just not possible with our budget unless we go to the suburbs, which we are not willing to do.