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Updated almost 11 years ago,
options to obtain 14 SFRs from a soon to be divorced couple?!
During a conversation with a prospective tenant's previous landlord, he asked if i was looking to buy additional properties in TN. He told me that him and his wife were divorcing and need to sell all 14 of their rentals, and would be willing to sell all of them together for a pretty steep discount if sold all at once. regardless of the purchase amount, what are my options for purchase multiple (if not all) properties at once? I have about $50k cash at the moment to play with.
Would it be feasible to use a hard money lender to finance if i planned on rehabbing and selling several of the properties and utilize the profits and my current salary to pay off the rest?
He indicated he wants to be cashed out, so Im waiting on him to email the details/numbers before i pitch owner financing
What other options are available?
Lloyd Stanton
War Mongering Profiteer / Aspiring REI