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Updated over 5 years ago,

User Stats

72
Posts
13
Votes
Timothy Swenton
  • Rental Property Investor
  • Gray, ME
13
Votes |
72
Posts

Buying 12 properties from 1 seller, blanket loan????

Timothy Swenton
  • Rental Property Investor
  • Gray, ME
Posted

I am looking into buying 12 properties that make up 34 units.

I would have 2 partners (so three buyers total) and a hard/private money lender for the down payment.

My question is, what kind of loan do I need to look into? Blanket loan? Portfolio lending? Never envisioned something like this coming to frutition right now but the deal is too good not to pass up. How would one look into financing this ?

Thank you in advance!

-tim

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