Strategy to Go from 2 to 4 unit

[Kanchan Sil]

Hello,

I am a newbie investor (started last year) with only 2 STR properties (1 - 1/1 condo in Corpus Christi and 1 - 2/2 Cabin in Gatlinburg). I have used a good portion of my cash savings to arrange for a 20% down payment for these two deals. They are doing well but didn't generate as much cash flow that I can use for another down payment. The Mortgage Rate has also increased considerably during the last 12-15 months, so I am not super interested in the refi (I have 4.5% currently).

Are there any strategies that I can leverage to keep scaling without cash in hand? :)

Thank you in advance.

Regards,

KS.

[Leslie Anne Morris]

This is really tough because you need to have cash in hand and most lenders will want it to be actual cash and not borrowed funds. With that being said, you could look at unconventional methods such as borrowing from retirement funds or partnering with another investor. I recently wrote a blog post about it and will be posting it here on my blog on the Bigger Pockets site later this evening or tomorrow.