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Updated over 8 years ago,

User Stats

603
Posts
130
Votes
Adam Craig
  • Investor
  • Cleveland, OH
130
Votes |
603
Posts

Financing multple houses in one loan?

Adam Craig
  • Investor
  • Cleveland, OH
Posted

I was approached by another investor who is in over his head and wants to unload 7 rental properties with an asking price of 298K (negotiable) – breaks down to around 40K/ house.

Are their any lenders who would lend on a portfolio instead of each individual house? I have traditional sources of financing like bank and hard money but ideally I would like to get them financed, rehab them, then refinance them with my bank like I do all my other properties.