10 institutional loans and private lenders
Hello all, I am trying to buy 10 investment properties with 10 conventional loans. I want to take advantage of the low interest rate and 30 year terms. I have 4 properties now and 6 to go. It is taking about 4-5 months to buy, close, rehab, get my money out and do it again. I would love to be able to buy properties faster so I thought about exploring some private lending. If I do some deals with private lending will that hurt my debt to income ratio thus hurting my ability to qualify for conventional loans? And also if you have to get a private investor loan at a higher inters rate, is there a way to "refinance" it later to a lower rate if you already have 10 conventional loans?