Help with financing

[Edward P.]

Hey Guys,

I am based in Los Angeles and I have a 4 properties because of people like you on BP teaching me RE. I am looking for financing more deals to provide financial independence but I am having trouble to where it makes sense. 

Hard money lenders are asking anywhere from 10%-20%

I do not have 20%-25% for the down payment available. 

Typically people in Los Angeles do not sell with seller financing. 

I am waiting to build equity in the other properties to get a LOC and use that towards a purchase of a new multi-family home(MFH).

I know I am asking a question which is out of norm, but I assume others are having the same issue. 

I am looking at MFH near USC which are 400K-800K. 

I appreciate everyone's response to this. 

[Steve Vaughan]

If you're married, maybe time to put properties in your wife's name.  We have done that and doubled our allowable loan limits.  

If you're single, probably time to house hack that new plex.   Owner-occ 5%ish down payment.  Rent out your current primary if you have one and get a 4 or less unit multi residential.

Will mention the best lender in CA I know of.....  @Chris Mason