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Updated about 4 years ago,
How to buy a portfolio of SFH
I have bought and sold a few rental properties in the past, and currently own a small rental house out of town. However, I recently came across a listing for a portfolio of several single family houses that looked interesting to me. Obviously this would need to be done commercially, however I'm not familiar with commercial loans on housing properties. While I personally can come up with a down payment, there's no way I could personally afford this many properties right now. What would this look like? What kind of "down payment" would be involved and how would a loan like this be structured? Would this look like a business line of credit, or something more similar to a traditional mortgage? I'm sure these are very elementary questions, but I'd love to have a quick outline of what it would take to purchase something like this.