lender recommendation in Mississippi for 60 K loan
I have an opportunity to buy a package of nine houses from a retiring landlord.
Most of them, he is selling at a substantial equity position to the new buyer. He is asking for 60 K apiece a couple of them are over 100k value after basic paint job. All but one is already being rented with a tenant in place with a property management company for over $6000 a month gross income.
So what I am looking to accomplish.
1.Find a lender that would lend that low in Mississippi.
2.I might could get the seller to put me on the deed/title long enough to get a rate and term refinance done. If this would work would a contract for deed be acceptable to a lender as a form of ownership?
P.S If somebody can suggest a better way of taking this deal down I am all ears.