Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
How should I finance a 10 rental property purchase deal.
A friend of mine has a landlord that is wanting to retire and move away from the area. He owns 10 different rental properties and wants to sell them eventually. I haven't talked to the man or even looked at the properties yet but it's in the works. My question(s) are;
How would I go about financing 10 properties at once? Obviously a normal mortgage for all 10 won't work.
Is my best option to find a bank that does portfolio lending? How likely are they going to loan to someone without other investments or collateral. I don't have any other properties yet, just my personal home. I have a good paying job, a good credit score, and a modest bit of savings.
Is there a creative way to come up with the down payment(s) or a way to purchase without down payments?
Thanks in advance,
Mike