Creative Financing Help! Can 60K buy 5 Shortsales? How about 10?

[Catherine Davies]

Hi, thanks for checking out my post.

My husband and I, along with a small investment team are ready to scoop up some investment properties.

I’m a beginning investment real estate agent; he is a general contractor (property management pro).

We are ready for deals.

We have raised $60,000 ready to invest. We are interested in discounted properties (short sales, and negotiating with lenders/distressed seller’s in pre for-closure, via les pendens filings). We are interested in buying primarily duplexes around the 200K mark, and single family in the 75-100K arena. Buy and hold investment strategy.

My Question: How do we stretch our investment dollars the furthest? I.e. it will be easy for us to acquire 1 property via short sale with 60K, but how do we acquire, 5? Or dare I say 10 investment properties with only 60K?
Looking for Creative Financing structures and appropriate legal structures here and not any Negative Nancy comments.

After initial discussions, it sounds like it will be best to form a business and acquire a blanket loan. But wanting to hear what you creative financing experts think on the matter.

Thank you in advance for your insight and help.
Catherine