Real Estate Rental Package
I have an awesome opportunity in front of me yall! I crunched the numbers and did my due diligence and it all works.Scenario: I can buy a total of 14 units (4 seperate locations) Total asking price, $149,000. PCF $101,000 per year before expenses. My problem, this isn't a single purchased property, but multiples. Where can I find a lender willing to do this kind of deal,it would be much easier to purchase each as a single, but through buying them all at once, I put myself in a better negotiating position on asking price.Who would finance this deal, especially with someone who has on a 606 credit score?Any help would be appreciated.
Sounds like you'd want a commercial loan for this one. Underwriting is usually more flexible if the properties will stand on their own (cashflow) and can purchase based on appraisal (which may be more than the contract price).
J