Portfolio buy

[Jason Clinton]

Hey BP!

There is a local investor selling off his portfolio and has 7 properties (8 units) for sale in a package deal. All of the properties are currently rented and bringing in $5400/month in rents. I haven't run the number yet but I was wondering if its possible to buy 7 properties at once or would it be 7 separate transactions? The houses are available separately but they are cheaper if you buy them as a package (which I rather do).

The properties are in good shape but not the greatest neighborhoods. My Realtor is supposed to be getting me appraisals, income/expenses, and accurate taxes/comps for rents. 

Is one transaction even possible? Would this have to be a cash deal? Has anyone bought out someones portfolio before?

Thanks BP!