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Updated about 6 years ago,

User Stats

74
Posts
25
Votes
Nick Monge
  • Rental Property Investor
  • Denver, CO
25
Votes |
74
Posts

Is it okay to offer on two properties at the same time?

Nick Monge
  • Rental Property Investor
  • Denver, CO
Posted

I'm in the process of getting my pre-approval letter. My father is going to be my partner on the deal, I know there will be no problems getting the financing. We're looking at two 4-unit properties in Alabama.

My questions:

-Can you only buy one property with a pre-approval?

-Do you have to wait to buy a second property or can you be buying the simultaneously? Like will a bank give you two loan for two different properties??

-If you can't buy two at the same time with traditional financing, what are other options to lock in both purchases? 

Please help!!

These are my first multi-unit properties.. Excited to get started with multi-family properties.

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