How to Buy Properties in a Portfolio

[Clinton Fain]

Good Morning All,

I live in Augusta, GA.... It wasn't on the list of locations for some reason.

I have an opportunity to buy 3 properties in a sellers portfolio.  He is pricing them all together instead of separately.  I've only bought one property at a time and I'm not sure how to buy 3 properties at a time with one selling price. He is selling the portfolio at $300,00 and he said that the price is negatable. All properties have tenants with rents being, $600, $650, & $900.  I know that I could get more rent out of these properties, but before I run the numbers I'd like to learn how I would even get financing for something like this.  Some of the questions I have are: Would I have to put 25% down per property or just 25% down for the total selling price?  Would it be better to get a hard money loan for all the properties and then refinance the properties individually?  I would ask for seller financing, but he told me that he is selling the properties to get capitol for a business opportunity, so I can only assume that he needs the lump sum of cash.  I currently have 2 rental properties and would love to grow, but there are still many things that I need to learn, primarily from the lending side of things.

I appreciate any feedback and I look forward to hearing from you all.