Loans for Multiple Houses in One Deal

[Travis Nagler]

I am looking to buy some MF properties in Ohio (I live in California). There are some investors looking to sell multiple properties (mainly duplexes) in package deals so they can cash out and retire.

I have not seen the insides of the homes yet, so I am not sure how much rehab exactly would be needed, if any. So I'm going to ask both ways.

Are there hard money loans available that would cover all properties for purchase under 1 loan including money for any rehab (80% on the purchase, 100% on the rehab), saving me some money on fees? If yes, is there anything special on how they work?

Are there conventional loans available that would cover all properties for purchase under 1 loan (80% LTV), saving me some money on fees? If yes, is there anything special on how they work?

I have the 20% down and excellent credit, so I'm not worried about qualifying. And depending on the interior condition of the homes, then I'll take the HML/conventional path, as needed.

Of course, getting a good price so the numbers work, etc., I understand that. But that's why I'm trying to get some figures on how much the financing is going to cost so my calculations and offer can be more accurate.

These will be my first REI purchases.

Thanks in advance.