At a loss on how to fund my next deal

[Andrea Chester]

I'm at a loss on my best options on financing our next deal. We currently own two single family homes on a VA loan. One is our primary residence and the other is a rental. I inquired about refinancing the rental and could pull about 50k of cash out but would cost 13k of fees/closing cost plus increase our interest rate by 1.5%. We don't have enough cash to put down on a conventional loan. We've asked friends and family about partnering, however, no takers. I've always heard syndication is typically not for beginners and hard money should be a last resort because of how expensive it is. Any ideas on other creative financing ideas? I'm open to anything.

[Tom S.]

@Andrea Chester HELOC on the rental instead of a refi? That would seem far cheaper.