Buynig multipe lots for rentals

[Joseph Whitton]

I am currently looking into buying two separate SFR lots from one owner. My question is if I go with traditional financing would I be able to buy both properties in one loan? or would I have to do two separate loans? one lot has a trailer on it and the other is just land. I'm thinking if I can get both of the properties I would combine them back into one as they are adjacent and re-zone so I could build a MFR quadplex. does this seem like a good idea on the surface?

[Ronald Starusnak]

You will need two loans. If both properties are from the same owner, see about getting them combined into one parcel.