Financing strategies-I own 7 properties
I seeking advice to purchase additional properties. Currently, I have $130,000 in cash and $30,000 line of credit. I have been investing since 2015. I have purchased four properties this year (two fix and flip/2 move in ready properties.
Historically, I have used community banks to finance my properties....20% down per acquisition.
I am open to any comments to learn more; I am a buy/hold investor.
My goal is to purchase 4 properties a annually.
Question 1: should I use private financing?
Question 2: what are strategies for using hard money/private lenders as a buy/hold investor?
Question 3: what are your financing strategies?
Question 4: what is your recommended strategies for using the 130k and 30k without using private/hard money lenders?