Financing Options for Three SFH's

[Ray Brandhurst]

I am working with an investor that is cashing out their portfolio. The investor is selling three homes as package for $40K each. I could buy the homes with cash but would rather finance the deal. Buying the homes outright with cash yields a ~10% ROR whereas putting 20% down with a 6% mortgage yields ~30-40% ROR.

My question is what would the community recommend as far as financing this deal? 

• Three separate conventional mortgages? 
• Pay cash and finance the homes after?
• Portfolio/umbrella/blanket loan?
• Something creative? 

Thanks,

Ray