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Updated over 5 years ago on . Most recent reply

User Stats

3
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Rob Pitcher
  • Rental Property Investor
  • Lawrenceville, GA
0
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3
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Buying multiple low-cost properties

Rob Pitcher
  • Rental Property Investor
  • Lawrenceville, GA
Posted

I was looking at buying 4 properties for a total of ~$100k. I don't have enough cash to buy them outright, and at an average of $25k /house it's not possible -from what I can tell- to get a mortgage on them individually. I've looked at blanket loans, but it looks like I wouldn't qualify for those in this scenario because either the $100k loan amount isn't high enough, or it's not enough properties (the blanket lenders I've looked at are 5+ properties). I know I can partner/search for OPM, but was just curious if any of you had any other creative ideas?

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