Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Michigan Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

180
Posts
52
Votes
Philip L.
  • Wholesaler
  • Florida
52
Votes |
180
Posts

Purchasing multiple properties in one go - Michigan

Philip L.
  • Wholesaler
  • Florida
Posted

I've recently been viewing a number of properties that belong to a very large portfolio, the seller is doing much bigger deals now and wants to offload his smaller rental properties. At minimum there are two SF houses I want to buy but maybe five or six.

The houses average around $100,000 each

What would be the best way to move forward with purchasing as many as I can?
I currently only have 1 mortgage in my name, In January I should have $135,000 cash from a refinance

Can I do all five in one go with a conventional fixed mortgage lender?
Do I need to find a portfolio lender who can do similar rates as a convectional loan?
Anyone have a recommendation for a portfolio lender in Michigan?

I know I can get hard money lenders but the rates and fees are so high it's hard to make the numbers work.

Loading replies...