Maxed out and wanting more

[Josh Barker]

Hey there!  I listen to podcasts and read through the forums but Im still trying to get a handle on prioritizing my creative financing endeavors...as Im sure most people are.  

I have two homes that I rent out through short term rentals in PA and they cashflow really well. Im in the process of buying my third home but Im maxed out on traditional loans for a while due to debt to credit ratio. A HELOC isn't in the cards for me at the moment but I really want to get started on what my next move should be.

Is it virtually impossible to get non friends & family private lending for buy and hold and hard money just seems difficult for those as well. 

Any advice as to what to look for in funding my next deal outside of a traditional bank... also I did read the book on no and low money down deals...I've tried a couple seller financing opportunities but they havent worked out yet. 

Any advice is welcome.  

[Andrew Postell]

@Josh Barker your DTI should be better and better with every investment property you purchase. If you current lender is stating that it is getting worse then please call around to different lenders. Many lenders treat rent income differently. Also, if I am reading between the lines correctly it sounds the down payment money is the biggest challenge right now. And that's common for a lot of buy-and-hold investors. As always, continue to save money. On your next purchase try to use the 15% down minimum if you are using a conventional loan. And owner financing isn't going to be a solution on every property but still ask about it on every property. I've seen some really generous terms come out of owner financing before. Thanks!