Purchasing Multiple Properties at once which are Multi-Family units

[Jay O.]

Hello everyone.

Thoughts on structuring this deal. What to look for? What to be aware of? Simplest way to put it together. Suggested steps to take or a great general outline from beginning to end. Advice from anyone who knows or has purchased Multiple Properties at once. Advantages/Disadvantages if any.

Going to be the first Multifamily purchase. It would be working with one lender, or possibly two. Purchasing all properties at the same time. Properties reside in different locations within the same area.

Working on structuring a Multi-Property deal, consisting of Multifamily units on the East Coast. Total of 4 Multifamily units. Some rehab, some in, move in condition. Would like to know also if one lender or a lender for each property works better. Just wanted to ask the incredible experienced BP community the best way to execute such a deal. Maybe also run some numbers for me. Putting 25% down on each property. Putting aside reserves for each property also. As far as insurance goes, get a Individual or Umbrella policy? Efficient and cost effective strategy. Hope Ive given enough details. I'm sure you guys/gals understand the kind of deal I'm asking advice about the best and safest way to put it all together. Thanks everyone. Looking forward to hearing from you all.

Gratefully,

Jay