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Updated about 6 years ago,
Is it okay to offer on two properties at the same time?
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.