3 properties for less then $150K total

[Dave S.]

Looking for some advise. I came across a deal to purchase three single family rentals for sub $150K. My limited experience with lenders, $50K loans are difficult to find a lender for / close on...Letting along 3 of them. As this is one deal transaction, what are my options for closing this deal smoothly. I already asked seller about seller financing. They didnt say no yet but wanted to know what my options are if they do come back and dont like the idea.

Thoughts?

[Jim Sakalis]

Dave,

Hopefully you have some good relationships with your local lenders.  If you have the same lender do all 3 for you it may be worth their time.  Otherwise I would check out a local credit union or smaller bank that takes care of their customers regardless of loan size.

Good luck I hope that works out for you.

Jim Sakalis