Are you trying to go direct conventional first or do you suspect you'll have to start with a hard money loan?

Pros:- Get 50% ownership in another property with VERY little money down (2.5% of the home purchase price) - Not have the mortgage attached to my name, thus not contributing to my “10 conventional mortgages” that I will inevitably get to- Very high ROI on $7500 cash - both is Cash on cash return when rented, and just on loan pay down/equity buildup- Get “into” another rental property without having to have 20% downpayment in cash- Helps my friend get into a house and start building equity sooner than he could himselfCons:- I don’t see any, other than the potential hardships that come with any partnership*Of course there would be a partnership agreement made up with the help of an attorney to make sure all of ducks are in a row.What are your thoughts on this?

Pros:Get 50% ownership in another property with VERY little money down (2.5% of the home purchase price) Not have the mortgage attached to my name, thus not contributing to my “10 conventional mortgages” that I will inevitably get toVery high ROI on $7500 cash - both is Cash on cash return when rented, and just on loan pay down/equity buildupGet “into” another rental property without having to have 20% downpayment in cashHelps my friend get into a house and start building equity sooner than he could himselfCons:I don’t see any, other than the potential hardships that come with any partnership *Of course there would be a partnership agreement made up with the help of an attorney to make sure all of ducks are in a row.What are your thoughts on this?

This was my first purchase and I have zero conventional loans(or any loans really).

I thought having the properties in my name or in the LLC won't make a difference to the D/I or the number of properties financed via conventional loan limit.Hey @Chris Mason- The properties were cash positive but I have taken a lot of cash-out with the refinances, this provided the necessary capital to buy more properties, which are owned by my wife.

Will conventional loans work for these or will I have to look at other options?

If neither of you have w2 or two years of 1099, then you will likely be out of luck for conventional, but still check with your lender to see what you need to qualify.

Round Rock has it's own economy due to Dell, Samsung, and a number of tourism opportunities: Dell Diamond, soon-to-be Kalahari (largest indoor water park and convention center in the US), sports complex).

If it's owner occupied for 2 years they could qualify for 3.5% down FHA or even 3% down with conventional.

Good morning BP, Can I buy a property with a conventional loan from one bank then cash-out refinance with another bank?