What financing strategy to utilize to acquire properties?
In the past I utilized an FHA loan to purchase my first investment property which is a 4-family I also live in. My most recent acquisitions have both been duplexes that I acquired using a HELOC and funding minor/moderate rehabs to update the duplexes making them rent ready. I then performed cash-out refinances to pay off the HELOC loans and lock the properties into a low fixed rate mortgage.
The difficulty was, in my own personal experience, doing cash-out refinances is more expensive and the rates are much higher than conventional financing. So, I'm wondering if there is another strategy to utilize moving forward to acquire a property that may need moderate rehabilitation using financing???