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Updated over 8 years ago on . Most recent reply

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5
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0
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Justice Lee
  • Newport News, VA
0
Votes |
5
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Purchasing a "Package Deal"

Justice Lee
  • Newport News, VA
Posted

Hello everyone. I am new to real estate investing and may have bitten off more than I can chew here. I called on a FSBO sign and it turns out that the owner had 9 rental properties and had recently moved to Florida. She told me she was considering liquidating the properties because her daughter did not have time to manage them for her. She told me she would provide me with all the information on the properties and if I was interested we could close with a lawer and a title company and avoid a lot of fees. All of the properties currently have tenets. Being new I think this would be biting off way more than I can chew but I wondering is there a way to finance 9 properties (all single family homes) as a package deal? She is going to email me all the information later but I don't have the capital to purchase all these properties unless I get some sort of super huge loan. Just wondering if it can be done.

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