Traditional bank financing.

ambition is good, blind ambition is terrible.Stack up some more money, most of the small restaurants my bank funds need ~150k to get going.

In the beginning, the bank account would run low, and I honestly believed an inquiry would show up.....and they did.

I'm not sure how much a bank will let me borrow on a HELOC but that is a great suggestion to at least look into.

It sounds a little strange but lending on a condo is very different for banks. 

It really depends on the deal you bring to the bank.  

I'll probably have to go with an investment refinance construction loan through a local bank and pay the higher interest rate. 

If you are investing in Texas, you will need a bank account opened in Texas.

No bank will loan unless you can hit 1.2 DCR.

I am thinking of purchasing a $25k lot that i can fit for sure a small 4plex on in a city that is surrounded by heavy industrial plantsMy plan is building a 4 plex with 1 room, 1 restroom, small living room, tiny kitchen, and tiny utility room roughly 775 sqft a pieceI know for a fact i can get contractors in here rented out paid water and trash @ 950$ a month (possibly more if weekly and if i do all utilities)Why should i  OR should i not pull triggerRoughly 25k for lot + 200-250k to build  = a 225-275k loan @ 15 years @ 5.59% 275k loan 25% down1695 note paymentLets say 400 taxes 400 insurance (over estimating)2540 payment - 3800 rent = 1260 cash flow minus water and trash Basiclly 200-250 a door @ 15 years (trying to build equity fast)Im doing 15 years cuz i know i can walk in to my favorite bank and they’ll Loan this out to me fast basicly pre approvedNever done this before but already getting bids on contractors and this is what they told me roughly building cost wise (im more experienced in SFR’s)